Oil

[Mega]

Smell the Prop-o-gan-da
http://www.bbc.co.uk/news/science-environment-23284506
So productive they need a jack every 10 yards!
Mike

[GRG55]

Re: Oil

Smell the Prop-o-gan-da
http://www.bbc.co.uk/news/science-environment-23284506
So productive they need a jack every 10 yards!
Mike

The video is from the Kern River Basin near Bakersfield, California. Love the way the broadcaster blames the desert on the oil wells. For anyone who has been out to Bakersfield you'll have noticed that all the crops on the east side of the valley are only possible because of massive irrigation from the Kern River alluvial fan aquifer.

The reason there are so many beam pumps is that most of the wells are vertical and there are several stacked oil producing horizons, so adjacent beam pumps are completed and producing from different depths.

btw, EJ has a brother-in-law or cousin that lives in that area and included some pictures he took of the Kern River oil field from one of his trips out there in a PCO article post that he did a few years ago (MM can probably find it ). When EJ wrote about rate acceleration in his most recent article the Kern River basin is a classic example. With the density of vertical wells already Swiss cheesed into the field over 100 years how much real NEW reserves are actually being accessed by drilling horizontally, and how much is rate acceleration economics where the added cashflow from a higher initial production rate pays for the incremental capital to re-drill and frac the well. Now think about what that means to the production profile as the fractures are depleted and the well returns to producing from the native reservoir rock matrix. See where this is headed...