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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 (1230)	3/12/2015 6:28:12 AM
From: robert b furman	Respond to of 1580

Hi dvdw, Good read on why rig count does not match with oil production. theglobeandmail.com The answer to the diminishing rig count lies in productivity: fewer rigs are being called on to produce more oil. And those fewer rigs are operating on “pads,” rectangular plots of land where multiple wells can be drilled from one location – up to 20 per site. Over 40 per cent of the western Canadian drilling activity today is estimated to be on a multi-well pad. So a modern, deep-drilling rig can work on a lease without stopping for the seasons, a process change with profound implications to the costs and output of northern latitude oil production.