SI
SI
discoversearch

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.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lazlo Pierce who wrote (16551)3/25/1998 9:28:00 PM
From: Teddy  Read Replies (2) of 95453
 
David, would you (or anyone that is familiar with this) explain this comment:
With conventional drilling, drilling fluids pressure
inside the well must be higher than the underground formation the well is penetrating in
order to prevent blowouts, among other things. Underbalanced drilling -- where the
pressure in the well is kept slightly lower than that of the surrounding rock formation --
entails greater risk, but also does less damage and allows faster penetration, thereby
saving time and money for E&P companies.

Tesco senior vice president Martin Hall says that perhaps the most important
characteristic of underbalanced drilling is that it can help increase oil recovery by "up to
20% or more," depending on the type of formation.

To me, it sounds like Voodoo Drilling (sorry lisa, i didn't mean it that way). Are there any numbers to back up their claim?. Oh i didn't think so. My guess: one of these days....

BANG

... loss of life.

The fact that the article comes from Barrons (AKA: The Wall Street Urinal and Friends), should sound an alarm in the trading heart of every reasonable person.

To make matters worst, they mention TMAR in the same article. David, i don't claim to know much about this industry, but if the boats had a PE of 1 they would be over priced.

Then again, who am i to question Barrons and Micheal Burk... ?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News