CNBC this morning, two takeaways:
- for investors: happy days are here again; and,
- YOLO and FOMO back in play
- for conspiracy theorists: it's now accepted, Wuhan flu was a deliberate act of war
Peak oil? From oilprice.com:
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Back to the Bakken
Active rigs:
Peter Zeihan newsletter.
WTI: $77.77.
Natural gas: $2.821.
Sunday, March 5, 2023: 24 for the month; 186 for the quarter, 186 for the year
39098, conf, CLR, Woodrow 6-32H,
38749, conf, Ovintiv, Sorenson Federal 153-96-9-4-5H,
38341, conf, Enerplus, Dropshot 149-92-31C-30,
36483, conf, WPX, Skunk Creek 12-7-8-16HA,
36482, conf, WPX, Skunk Creek 12-7-8-16H3,
23930 (no typo), conf, Hunt, Oakland 2-18-19H,
Saturday, March 4, 2023: 18 for the month; 180 for the quarter, 180 for the year
39099, conf, CLR, Woodrow 7-32H,
38748, conf, Ovintiv, Sorenson Federal 153-96-9-4-5H,
38616, conf, Hunt, Halliday 146-93-25-36H 4,
28847 (no typo), conf, Hunt, Oakland 2-7-6H,
38959, conf, KODA Resources, Stout 1603-3BH,
38957, conf, KODA Resources, Stout 1622-1BH,
38615, conf, Hunt, Halliday 146-93-25-36H 3,
38342, conf, Enerplus, Grip 149-92-31C-30H,
RBN Energy: drilling and completion set the stage for hydrocarbon production, part 4. Archived.
Oil and gas production in the Shale Era is a refined, controlled process — and a far cry from the early days of wildcatting a century ago. Modern drilling typically involves multiple wells on a single well pad, with each well going through a four-stage process to produce hydrocarbons that are then separated into distinct components. In today’s RBN blog, we look at how drilling-and-completion techniques have evolved over the years, from old-school vertical wells to the highly complex strategies targeting shale areas today, and how they set the stage for hydrocarbon production and recovery.
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