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catbox
Heavy Crude
Joined: Sep 29, 2005
Posts: 415
Location: EuGeNe, OrEgOn
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 Posted: Sat May 03, 2008 8:15 am Post subject: The little guy gets back in the game... |
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Are we grasping at straws or what?
I should drill my back yard!
Found this at BBC. An interesting read:
http://news.bbc.co.uk/2/hi/americas/7379940.stm
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like_the_dinosaurs
Tar Sands
Joined: Jun 23, 2007
Posts: 73
Location: Australia
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| Posted: Sat May 03, 2008 10:17 am Post subject: Re: The little guy gets back in the game... |
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Lol, i think they will hit peak at 100 barrels a day.
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Electric_Economy_2025
Heavy Crude
Joined: Apr 01, 2008
Posts: 135
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| Posted: Sat May 03, 2008 10:39 am Post subject: Re: The little guy gets back in the game... |
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NO they could'nt make enough money from their oil wells when the price of a barrel was so cheap so they cap them like many thousands of wells around America have been for many many year do to cheap prices. But now that the prices are so high they can pump out their oil and make money it has nothing to do with grasping at straws. Just plain economics  |
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Electric_Economy_2025
Heavy Crude
Joined: Apr 01, 2008
Posts: 135
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| Posted: Sat May 03, 2008 10:44 am Post subject: Re: The little guy gets back in the game... |
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| like_the_dinosaurs wrote: | | Lol, i think they will hit peak at 100 barrels a day. |
100 barrels a day x $100 per barrel = $10,000 not bad for a days work if you ask me 
An just think for the pass 30 years they probably have had their wells cap and if you read the whole story they only have used up about 20% of what was recoverable. So as long as prices stay high those people that have had caps wells for a long time can not pump thier oil and get rich. |
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steam_cannon
Expert
Joined: Dec 28, 2006
Posts: 2334
Location: MA
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| Posted: Sat May 03, 2008 3:26 pm Post subject: Re: The little guy gets back in the game... |
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Interesting article and not spam either... 
| Quote: | | The little guy gets back in the game... |
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lateStarter
Intermediate Crude
Joined: Apr 06, 2005
Posts: 980
Location: 38 km west of Warsaw, Poland
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| Posted: Sat May 03, 2008 4:07 pm Post subject: Re: The little guy gets back in the game... |
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Nice Post! Strange that I was actually thinking about the same subject last night as I slept. The only problem I saw with the picture was, what happens when you can't get the stuff to a refinery? Maybe there is some way to use the raw crude locally that I am not aware of, but it seems like a refinery is generally part of the equation. Are there still operational refineries close enough that transport costs are not an issue?
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Any sufficiently advanced technology is indistinguishable from magic. A.C. Clarke |
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steam_cannon
Expert
Joined: Dec 28, 2006
Posts: 2334
Location: MA
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| Posted: Sat May 03, 2008 5:58 pm Post subject: Re: The little guy gets back in the game... |
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| lateStarter wrote: | | Are there still operational refineries close enough that transport costs are not an issue? |
It looks like they wouldn't have to go out of state. We produce less
oil each year, but we still produce and refine a lot of our own oil.
| Quote: | Pennsylvania
* Bradford Refinery (American Refining Group), Bradford, Pennsylvania 10,000 bbl/d (1,600 m³/d)
* Marcus Hook Refinery (Sunoco), Marcus Hook, Pennsylvania 175,000 bbl/d (27,800 m³/d)
* Philadelphia Refinery (Sunoco), Philadelphia, Pennsylvania 335,000 bbl/d (53,300 m³/d)
* Penreco (Calumet), Karns City, Pennsylvania
* Trainer Refinery (ConocoPhillips), Trainer, Pennsylvania 185,000 bbl/d (29,400 m³/d)
* Warren Refinery,United Refining Company, Pennsylvania 70,000 bbl/d (11,000 m³/d)
* Wamsutta Oil Refinery (historical), McClintocksville, Pennsylvania
* Hess oil Refinery
http://en.wikipedia.org/wiki/List_of_oil_refineries#Pennsylvania |
| Quote: | Bradford Oil Refinery, Bradford, PA.
http://www.waymarking.com/waymarks/WM101Q
One of the oldest refineries in continuous production in the US was
founded near here in 1881 by pioneer independent oilmen Robert
Childs, Eli Loomis, and William Willis. The original refining capacity
was 10 barrels a day. One-hundred twenty-five years later, the
refinery processed over 9000 barrels daily, purchasing more than
three million barrels of Pennsylvania Grade crude oil annually, most
of it from wells within 125 miles. " |
| Quote: | 
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steam_cannon
Expert
Joined: Dec 28, 2006
Posts: 2334
Location: MA
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| Posted: Sat May 03, 2008 6:07 pm Post subject: Re: The little guy gets back in the game... |
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Another thing, there might be some real-estate money to be made.
If you could find some cheap land with some slow but ok wells that
have been capped at lower prices, you might turn a profit opening
them back up. Maybe the TV show "flip this house" could make a
"flip this well" episode.  |
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TheDude
Expert
Joined: Apr 06, 2006
Posts: 2618
Location: 3 miles NW of Champoeg, Republic of Cascadia
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| Posted: Sat May 03, 2008 6:59 pm Post subject: Re: The little guy gets back in the game... |
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| lateStarter wrote: | | Are there still operational refineries close enough that transport costs are not an issue? |
The Penreco facility in Karns City is only 40 miles away. You figure the cost of loading up say 5 flatbed trucks holding 20 barrels each. Or more?
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steam_cannon
Expert
Joined: Dec 28, 2006
Posts: 2334
Location: MA
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| Posted: Sat May 03, 2008 9:51 pm Post subject: Re: The little guy gets back in the game... |
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| TheDude wrote: | | lateStarter wrote: | | Are there still operational refineries close enough that transport costs are not an issue? |
The Penreco facility in Karns City is only 40 miles away. You figure
the cost of loading up say 5 flatbed trucks holding 20 barrels each. Or more? |
Also they are probably using a regular oil truck and not literally
barrels. They could be, but oil trucks are better for moving oil.
I think it's more common to just use storage tanks and have a
crude gathering company send a truck once in a while. And the
refinery may also offer shipping services.
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shortonoil
Fission
Joined: Dec 02, 2004
Posts: 2317
Location: VA USA
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| Posted: Sat May 03, 2008 10:25 pm Post subject: Re: The little guy gets back in the game... |
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| Quote: | | Bill Huber, 67, still uses most of the same clunking and screeching machinery that his grandfather installed more than 100 years ago. |
These fields never had water injection extraction techniques used on them. They could pump for another century. |
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frankthetank
Fusion
Joined: Sep 16, 2004
Posts: 4164
Location: Southwest WI
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| Posted: Sat May 03, 2008 10:36 pm Post subject: Re: The little guy gets back in the game... |
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I wonder how long it will take until people realize how much money is coming out of the ground every day? I could see a Nigerian type situation
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"Oil is going up because we use too much oil, and the capacity to replace reserves is dwindling"
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lateStarter
Intermediate Crude
Joined: Apr 06, 2005
Posts: 980
Location: 38 km west of Warsaw, Poland
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| Posted: Sun May 04, 2008 3:23 pm Post subject: Re: The little guy gets back in the game... |
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| TheDude wrote: | | lateStarter wrote: | | Are there still operational refineries close enough that transport costs are not an issue? |
The Penreco facility in Karns City is only 40 miles away. You figure the cost of loading up say 5 flatbed trucks holding 20 barrels each. Or more? |
Cool! So maybe we really will see some version of MadMax in the near future. Imagine trying to get those 5 flatbeds from point A to point B without security. If oil is $400/barrel and your kids have nothing to eat but you still have a couple of hundred rounds left and so does your neighbor, what happens next? I can envsion some 'toll' charges...
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Remember, with globalisation "everyone is a winner" in the "race to the bottom". - rogerhb
Any sufficiently advanced technology is indistinguishable from magic. A.C. Clarke |
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