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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (144671)	2/5/2011 2:33:10 PM
From: akmike	1 Recommendation Read Replies (1) \| Respond to of 206203

BCB, Good question. I believe that current production is around 650,000 bbl./day. The rate of decline has been estimated at 4-7%. This is a dynamic number depending mostly on production of newer fields that have been discovered but are on the fringe of profitability to be produced. There are various estimates out there as to when operation of TAPS is problematic because of too little throughput. I believe Exxon's number is closer to 400,000 bbl./day and BP is around 330,000. (Who would think that BP would be less conservative than Exxon?) Best estimate for time to production from GTL plant is 7-8 years. There is time to do such a program, but not a whole lot of time to think about it. One of the attractions here is that CO2 from the process could easily be sequestered in such a way as to facilitate further production of liquids. Another plus is that the world's richest coal deposit lies some miles to the west around Pt. Lay. There could be a switch from GTL to CTL down the trail when the NG is produced.