Dino's Bar & Grill Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Goose94 who wrote (37940)	12/12/2017 2:07:39 PM
From: Goose94	Read Replies (1) of 203026

Crude Oil: Nodding donkeys failing. Longer laterals in thousands of shale wells are pushing pumpjacks (aka nodding donkeys) to the limit. The pump systems that help squeeze out oil can work on vertical wells for years, but Bloomberg reports that the stress of trying to pump from extremely long horizontal wells is leading to a rapidly growing fail rate for these iconic nodding donkeys. That is pushing up costs for some shale wells and could also result in oil being left in the ground. The problem is especially acute at older wells where it becomes more difficult to extract oil because of declining well pressure. The industry is trying to find some workarounds, but there is no silver bullet. Hee Haw

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next