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Politics : Peak Oil reality or Myth, of an out of Control System -- Ignore unavailable to you. Want to Upgrade?

To: dvdw© who wrote (522)	8/15/2011 10:25:39 AM
From: robert b furman	Read Replies (1) \| Respond to of 1580

The Awareness grows: foreignpolicy.com Bob

To: dvdw© who wrote (522)	3/2/2013 10:44:46 AM
From: dvdw©	Read Replies (1) \| Respond to of 1580

Utica shale data points read the post to which this is a reply.... Fracking in the Utica A couple days ago "Anon 1" recommended listening to a Gulfport Energy webcast concerning their "Darla" wells in the Utica. It's a long webcast, but fortunately a reporter posted a story -- the short version, as it were: Ohio.com is reporting. Some data points, first about Gulfport and the Utica: Ohio Dept of Natural of Resources estimates: 1.3 to 5.5 billions of of oil (NDIC's estimate of the Bakken: 6 billion bbls of oil); 16 trillion cubic feet of natural gas Gulfport owns rights to drill on 128,000 acres in Ohio Gulfport's first 10 Utica wells averaged 3,630 boepd Gulfport will accelerate their 2013 drilling program in Utica; drilling as many as 50 gross wells capex about $500 million Now, Gulfport's drilling plan: will be experimenting with different drilling and fracking methods will drill two wells per location at most sites five to seven months from spud to first sale Gulfport's Darla wells: just north of the company's strong-producing Wagner wells in Ohio's Harrison County will drill three (3) wells instead of two (2) will experiment with pattern of horizontal drilling; kinds of materials used; the company will use radioactive markers to trace the wells will also use fiber optic sensors; cost: $600,000/well for this technology The SeekingAlpha 4Q12 earnings transcript, particularly the Q & A, provides additional background. It sounds a lot like the Bakken, including the cost per well ($10 million). For investors: think sand and ceramics. There is a fair amount of discussion regarding diluent for Canadian sands heavy oil. milliondollarway.blogspot.com