A System is no better than its sensory organs.....RO/RS=CF...better learn how to use this tool folks or you wont keep up.
Here is an outtake below from an Oiligarch about the status of its business, its a tacit admission about assumptions past, not being worth the paper they are written on with respect to the here and now. In the moment, this is difficult to extrapolate unless one has understanding about the true origin and source of oil, the directions even industry insiders take, can be ill informed.
Understanding about Nucleated crude in shale, isnt coming from the geology world, thier 50 year myth making has been overturned. Leaving this class of degreed professionals foundationless and looking for the reboot button.
Particulate oil will be mined where its understood, the technology to maximize the potentials are all in the early stages. We've reported about new tool kits, and have our eyes on many variables...recognizing that many Press reports are just opportunistic ME TOO Output, so as to be recognized as a player in the space. Those must be compared against others who are taking steps to truly innovate according to the reality presented by the opportunity of nucleated oil itself. Some very big entities wont be handed default wins as they are programmed too....
a sidenote data point will be more productivity on the PR front from old style soda boys trying to stay relavent, best way to do that is find some new fields that have been held in abeyance for greener pasture days forecasted under peak oil extortion matrix.
Bruce says;
debated whether to link this article; the fact that oilfield services will increase CAPEX doesn't surprise me, it's not news.
This is why I linked the article:
Schlumberger's CEO said that the current industry approach to shale development in North America is sub-optimal, as it involves significant cost and resource waste. Thought the energy industry drills horizontal wells spread evenly over acreage, with the entire horizontal section completed and fractured with massive amounts of water proppant and hydraulic horsepower, shale reservoir quality varies both vertically and laterally. "And the standard logging measurements interpretation techniques and modeling workflows used in sandstones and carbonates cannot be directly applied."
Gould noted that the company is seeing signs that the scientific approach to shale developments is gaining momentum and as the international oil companies continues to build their positions in the shale basins both in the U.S., and overseas this trend will only strengthen. "The scientific approach will also be critical overseas as the industry faces more public pressure to minimize the operational footprint and adapt to less available infrastructure compared to North America," said Gould. |
