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TheAntiDoomer Tar Sands


Joined: Jun 18, 2008 Posts: 23
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Posted: Tue Jul 08, 2008 1:37 pm Post subject: Signifigant Secondary Oil Recovery Report |
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Rock well to float in London
| Quote: | | A report from independent reservoir engineers DeGolyer and MacNaughton estimates proven and probable reserves on Rock Well’s US onshore acreage at just 2m barrels using conventional recovery but 323m using the mining method. That yields a net asset value of $3.7bn for the eight fields where Rock Well’s stake cost $54m to acquire. |
I'm surprised I beat Oil Finder to this one. Wow taking a 2 million barrel field and turning it into a 323 million barrel field. The implications are enormous. _________________
| Quote: | "This is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning."
-- Sir Winston Leonard Spenser Churchill |
Get your damn hands off me you dirty stinking hippy! |
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Cashmere Light Sweet Crude


Joined: Mar 27, 2008 Posts: 1971
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Posted: Tue Jul 08, 2008 1:56 pm Post subject: Re: Signifigant Secondary Oil Recovery Report |
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323 million barrels?
Are you serious?
And this, to you, is an "enormous development"?
Let me help you with a little math . . .
323 million barrels for the whole field divided by U.S. usage of 20.6 million barrels per day is . . .
15.6 days of U.S. usage.
Is your ____________ enormous in this way as well? _________________ Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group. |
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TheAntiDoomer Tar Sands


Joined: Jun 18, 2008 Posts: 23
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Posted: Tue Jul 08, 2008 2:08 pm Post subject: Re: Signifigant Secondary Oil Recovery Report |
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Dude, this field is ONE example!!!! In this example a field that would normally yeild 2 million barrels can yield over 200 million barrels. Now apply this tech to the thousand of fields on the planet. Geesh, that wasn't so hard was it? _________________
| Quote: | "This is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning."
-- Sir Winston Leonard Spenser Churchill |
Get your damn hands off me you dirty stinking hippy! |
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TheDude Expert


Joined: Apr 06, 2006 Posts: 3405 Location: 3 miles NW of Champoeg, Republic of Cascadia
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Posted: Tue Jul 08, 2008 2:16 pm Post subject: Re: Signifigant Secondary Oil Recovery Report |
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It seems to be SAGD applied to conventional reservoirs. This obviously will only be applicable to very shallow fields. Note that they've only identified 250 in the US to apply this technique to. If I read this right that's 323 mb divided amongst the 5 fields in their acreage, too. Why they don't just drill horizontal wells and hydrofrac is another question - probably they're coming from the conventional mining industry and this is what they're good at. Roc or ROCK perhaps know more about this outfit.
Rock Well _________________ Cogito, ergo non satis bibivi
Could you slide your shorts down please? |
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Nicholai Intermediate Crude


Joined: Jun 15, 2007 Posts: 566 Location: St.Albert, AB
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Posted: Tue Jul 08, 2008 2:22 pm Post subject: Re: Signifigant Secondary Oil Recovery Report |
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TAD, you're so right! I mean, the waiting list for offshore oil rigs is only 25 years! It only takes 10 years to get any major oil production out of a well, and by that time oil should only be at $500 a barrel. Man if I were you, I wouldn't be going to any ecovillages any time soon...you're going to be just fine  |
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KevO Expert


Joined: May 24, 2005 Posts: 2358
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Posted: Tue Jul 08, 2008 2:56 pm Post subject: Re: Signifigant Secondary Oil Recovery Report |
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| TheAntiDoomer wrote: | | Dude, this field is ONE example!!!! In this example a field that would normally yeild 2 million barrels can yield over 200 million barrels. Now apply this tech to the thousand of fields on the planet. Geesh, that wasn't so hard was it? |
you're new here aren't you?
on Earth that is _________________ http://www.youtube.com/watch?v=xSFLSTb5KfU
http://www.myspace.com/jimolliermusic |
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basil_hayden Intermediate Crude


Joined: Aug 08, 2005 Posts: 903 Location: CT, USA
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Posted: Tue Jul 08, 2008 3:02 pm Post subject: Re: Signifigant Secondary Oil Recovery Report |
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Let me get this straight, excuse the imperfect analogy.
Now we're proposing to pick apples by drilling under the tree, through the center of the trunk and branches, so the apples can roll down to the bottom of our trunk hole where we can pump the apples to the store?
Sounds like apple sauce to me, not apples. |
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KingM Heavy Crude


Joined: Aug 30, 2005 Posts: 277 Location: Second Vermont Republic
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Posted: Tue Jul 08, 2008 4:35 pm Post subject: Re: Signifigant Secondary Oil Recovery Report |
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| basil_hayden wrote: | Let me get this straight, excuse the imperfect analogy.
Now we're proposing to pick apples by drilling under the tree, through the center of the trunk and branches, so the apples can roll down to the bottom of our trunk hole where we can pump the apples to the store?
Sounds like apple sauce to me, not apples. |
Does it burn in my car engine and heat my house in the winter? If so, I don't care if it's pears or kumquats. |
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KingM Heavy Crude


Joined: Aug 30, 2005 Posts: 277 Location: Second Vermont Republic
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Posted: Tue Jul 08, 2008 4:36 pm Post subject: Re: Signifigant Secondary Oil Recovery Report |
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| Of course, the production by 2020 is supposed to be 20,000 barrels per day. Increase that by 100 fold and then we'll talk. |
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eXpat Intermediate Crude


Joined: Jun 08, 2006 Posts: 973
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Posted: Tue Jul 08, 2008 4:52 pm Post subject: Re: Signifigant Secondary Oil Recovery Report |
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| TheAntiDoomer wrote: |
...I'm surprised I beat Oil Finder to this one. . |
Do you guys work in the same place?? _________________ Stocking up on popcorn  |
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Plantagenet Expert


Joined: Apr 09, 2007 Posts: 5926 Location: Alaska (its much bigger than Texas).
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Posted: Tue Jul 08, 2008 5:51 pm Post subject: Re: Signifigant Secondary Oil Recovery Report |
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Its a nice idea, but does it actually work?
There isn't much info on the company's website except some curious pictures of mine shafts, none of which show any oil dripping in from the ceiling.
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Zardoz Expert


Joined: Dec 02, 2005 Posts: 6431 Location: Oil-addicted Southern Californucopia
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Posted: Tue Jul 08, 2008 5:58 pm Post subject: Re: Signifigant Secondary Oil Recovery Report |
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| Plantagenet wrote: | Its a nice idea, but does it actually work?
There isn't much info on the company's website except some curious pictures of mine shafts, none of which show any oil dripping in from the ceiling. |
I smell an investment scam. _________________ "Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen |
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AlexdeLarge Intermediate Crude


Joined: May 20, 2008 Posts: 723 Location: I have a whole ward
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Posted: Tue Jul 08, 2008 6:03 pm Post subject: Re: Signifigant Secondary Oil Recovery Report |
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| TheAntiDoomer wrote: | | Dude, this field is ONE example!!!! In this example a field that would normally yeild 2 million barrels can yield over 200 million barrels. Now apply this tech to the thousand of fields on the planet. Geesh, that wasn't so hard was it? |
Hang in there AntiDoomer! Don't let the Doomers get you down. Sometimes it gets depressing shining your AK and hiding rice all day! _________________ Viddy well, little brother. Viddy well. |
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americandream Light Sweet Crude

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Joined: Oct 18, 2004 Posts: 1950 Location: kiwibush
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Posted: Tue Jul 08, 2008 6:50 pm Post subject: Re: Signifigant Secondary Oil Recovery Report |
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Snakeoil, snakeoil for sale!
Cures all known maladies. Money back, guaranteed! _________________ Bugger me, I hear oil's runnin out mate! |
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killJOY Fission


Joined: Feb 21, 2005 Posts: 2481 Location: ^NNE^
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Posted: Tue Jul 08, 2008 7:51 pm Post subject: Re: Signifigant Secondary Oil Recovery Report |
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Nice. Interesting development. I wish them luck.
...
I'm still growing my own food. _________________ "By the time individuals discover that remaining resources will not be adequate for the next generation, the next generation has already been born. " David Price |
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