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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Robin Plunder who wrote (99377)3/18/2013 9:46:46 PM
From: dvdw©  Read Replies (1) | Respond to of 220088
 
let me say this about the bakken....

it holds more than 500 billion boe.

nothing done there up to this year, was any more than stumbling into 2 facts, 1. got to hold leases by producing
2. particulate oil is different than pooled oil. ( this will be clear eventually world wide)

the bakken is a layered complex because its correlated to probably 5 separate impacts, hence the layers were put in at varying times.

once the experience of the last several years turns to proactive reworking of Hold by production metrics....

you'll see that rates of recovery will skyrocket. the data will take the form of increasing the BOE of a multi well pad working a smaller not larger footprint.

you will begin to see innovation when you understand how how the center pivot system works above ground.

As this is taken in ground the short laterals will be like second and minute hands of clocks..recovery rates will go off the charts....at multiple depths from a single pad,because the oil was all laid in from the top from different events, its layers are functions of time differentials..

here is Sl9's impact with jupiter.....an earths diameter of crude was laid on the surface..by .heterogeneous nucleation
www2.jpl.nasa.gov

peak oil is over, the amount of oil in the ground is immeasurable when one comes to grips with the fact that the planet was made by accretion.



To: Robin Plunder who wrote (99377)3/18/2013 10:38:40 PM
From: bart13  Read Replies (2) | Respond to of 220088
 
Here's one of many Bakken charts showing depletion rates, this one from the state of North Dakota mid 2012.



Long term in my opinion, it'll take much more than nuclear.

How good or rough we have it in 5-10 years or so depends more on politics than any other single factor. I'm not anywhere near as pessimistic as folk like Kunstler.