Nah this is happened before with china laying claim. People are becoming to paranoid everytime there is a hiccup.
He makes all other philosophers look like peeons even though he copies all of their works. Makes it pretty easy for him to seem knowledgeable.
Oh wait, the 700 club wraps all of these into one. You would fit in perfectly as the new host.
Ok then the history, evangelical and political channels as a host.
I am thinking you should host the history channel and PBS.
Is this not a stock board? You have been preaching for years now. With the me personality. Lets get back to stocks. Blaming others is your way of keeping this thread going.
Please enough is enough. This is a natural gas/stock board. Not a religious forum.
I did that is why I gave you more info. So you could become more knowledgeable about different types of drilling and costs. As you noted most companies don't need 90-100.00 oil prices to make money.
You said this;;;; am not nearly as knowledgeable as most of you
Just trying to help you. There are many types of drilling. But as I told you being able to have drill pads allows you to go in many directions with less rigs. Read closer/
In just five years, advancements in tools, techniques and petroleum technology have revolutionized Bakken drilling operations by improving overall well performance, reducing drilling time, cutting costs and minimizing the environmental footprint. The primary keys to improving well performance have been increasing lateral lengths and fracture stages, as well as changes to well completion techniques.
A combination of advanced drilling technology and the eco-friendly concept of pad drilling has significantly reduced drilling time, costs and environmental impacts for operators while allowing for the construction of significantly longer laterals and greater production potential.
Longer laterals are allowing for more fracture stages along the horizontal section of the well and thus increased production. Bakken and Three Forks oil production figures from the North Dakota Department of Mineral Resources show a significant jump since the beginning of 2008, going from an average of just over 75 barrels per day per well in early 2008 to 130 barrels per day per well in 2013.
Pad drilling, which involves drilling multiple wells from one drill site, has also been a major contributor to reduce drilling times and environmental impacts, as well as improving well economics, in the Bakken.
“During pad drilling, we complete the well into the projected formation, run the casing and cement and then walk or skid the rig 40 feet to the next well to do the same,” explained Brown.
Once the last well on the multi pad is cemented, drilling and pipe changes are conducted before the horizontal sections are drilled.
“This process eliminates the need for laying down drill pipe, cleaning mud tanks and picking up the horizontal pipe on every well,” Brown continued. “It also eliminates rig moves between each well.”
Moving a rig from one drill site to another can take days, while “skidding” a rig over to the next well on a pad only takes a few hours. Pad drilling is also helping to reduce the environmental footprint left behind by the drilling process. With multiple wells now being drilled at one site, fewer drill sites are needed, and thus less surface area at ground level is being affected by the drilling process.
•It helps to drive down drilling costs. This time last year, the average well in the Bakken cost as much as $11.2 million. With the incorporation of these Mega-pads, Continental estimates it will be able to get the average well cost down almost 33% to $7.5 million.
•Multiple wells in a single spot means the company can start to monetize its natural gas production rather than flaring it. This means higher revenue and helps solve one of the Bakken's largest problems.
What ever......................I know what I know by research. Defensive even on a holiday you are dula.
MF fit their names fools. You can drill more and put more rigs on 1 pad with horizontal drilling. Plus you don't have to go as deep with horizontal drilling. Therefore you can extract oil cheaper from upper levels that are missed by drilling straight down. Just do more studing instead of fooling. The cost of drilling has come down along with the amount of time for drilling new wells. Which adds up to cheaper wells. Just trying to help you understand. try not to be so defensive.
Actually elain, ants are a very social group and communicate with each other; Of course they can't type and really don't need electronic help to communicate/ You have the workers the guards the hatchery egg movers and the queen. They as well are very strong lifting objects 1hat would be impossible by a person or persons to attempt to lift. Have been around longer then humans.
Actually dula it is cheaper to do horizontal drilling. This is why well cost gas come down. And the companies can do more drilling at a lesser cost,
I do have it backwards. The 1st 1/4 was the dry wells in texas and shutting them down. The 2nd 1/4 was the attack by barrons. So my bad it was 2 bad 1/4's in a row. Then LINE needed a decent report [which they did] in the 3rd to help the bad back to back 1/4's. Happy Thanksgiving.
You are entitled to your opinion. As i am. I happen to believe in both. God and evolution. That is all. may your turkey not get burned. For it has evolved into the bird that it is for your enjoyment. With know evolution the bird would be eating you instead.