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Houston..we have a problem....

7,313,949 Views | 28750 Replies | Last: 11 hrs ago by Bibendum 86
Marsh
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AG
I like https://chat.openai.com/chat, if yall haven't seen it.

I've asked several oil and gas questions and I'm pretty pleased with the responses. Some examples:

What is causing increased earthquakes in Oklahoma?
Oklahoma has experienced an increase in earthquakes in recent years, and the main cause of this increase is believed to be human activity, specifically the disposal of waste fluids from oil and gas production operations. When these fluids are injected into disposal wells, they can create underground pressures that can cause faults in the earth's crust to move, leading to earthquakes. While this is the primary cause of the increase in earthquakes in Oklahoma, other factors, such as natural variability in seismic activity, may also be contributing to the observed increase.



How to prevent frac hits in parent wells?
Frac hits, also known as frac-outs or screenouts, occur when the pressure from hydraulic fracturing operations in a nearby well causes the formation to break and release fluids into the wellbore of the parent well. To prevent frac hits in parent wells, several measures can be taken, such as:

Monitoring the pressure and rate of injection in the nearby well to ensure that they are within safe limits for the formation
Using specialized drilling fluids and proppants that are less likely to cause formation damage
Modifying the design of the hydraulic fracturing operations to minimize the risk of frac hits
Implementing surface casing and other protective measures to prevent the release of fluids from the nearby well into the parent well

It is important to work closely with experienced drilling and hydraulic fracturing experts to identify and implement the best practices for preventing frac hits in your specific situation.



Typical proppant amounts in marcellus?
The amount of proppant used in hydraulic fracturing operations in the Marcellus shale can vary depending on a number of factors, such as the geology of the area, the type of proppant used, and the specific design of the fracturing treatment. In general, however, Marcellus wells are often completed with 20 to 30 million pounds of proppant, with an average of about 25 million pounds per well. This is significantly higher than the average for shale wells in other parts of the United States, which typically use about 5 to 10 million pounds of proppant.


Compare natural gas and coal
Natural gas and coal are both fossil fuels that are used to generate electricity and heat. There are several key differences between the two fuels:

Composition: Natural gas is primarily composed of methane, while coal is a solid fossil fuel that is made up of carbon, hydrogen, oxygen, and other elements.
Source: Natural gas is extracted from underground reserves, while coal is mined from the earth.
Emissions: Natural gas is a cleaner burning fuel than coal, producing about half as much carbon dioxide when it is burned.
Cost: Natural gas is generally cheaper than coal, although the exact prices can vary depending on market conditions.
Uses: Natural gas is primarily used for electricity generation, while coal is also used in a variety of industrial processes, such as steel production.

Overall, natural gas is considered to be a cleaner and more efficient source of energy than coal, although both fuels play important roles in the global energy market.



Let me know if yall find any good questions. It handled well spacing decently. It did not know anything about cluster spacing.
birdman
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FTAco07 said:

I too have a friend from southern Alabama who responds to questions about where he's from with "LA". It's always kind of a joke, but that is 100% his stock answer.
That's how everyone in Alabama divides the state geographically.

LA - Lower Alabama (Mobile, Montgomery, Auburn)
UA - Upper Alabama (Birmingham, Huntsville, Tuscaloosa)

Somebody thought Lower had a negative connotation, so they've been pushing "South Alabama". Aside from the university, it hasn't stuck.
Premium
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AG
Why is China determined to tank their economy and the global economy over "zero covid"?
cajunaggie08
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the CCP doesn't want to ever give the appearance they aren't in control. In anyone's lifetime there, they havent encountered an issue they couldn't control through brute force so I'm sure there is plenty of ego causing them to think they can still control this. For them, to admit fault is to admit weakness. I don't know why they never went and bought western developed vaccines as their vaccine might as well been sugar water.
Cartographer
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Hey folks! Don't derail!

China can't lose face to the world. Plus they seem to believe Covid will be long term damaging to western populations, or at least that's what they're saying to justify the policy. They'll eventually have to face the reality that the bug is going to get them but they have to do it in such a way that doesn't humiliate them.

I tend to think they'll keep this yo-yo policy in place for a long time.
nu awlins ag
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Newsom Proposes Limit on Oil Refining Margins
by Bloomberg|Laura Mahoney, Simon Casey|Tuesday, December 06, 2022


Holy hell. What about the likes of Apple, Beta, Nike etc. He's a total clown as is the whole Democratic Party. I hate with a passion the term "Big Oil" as if they actually control the price of oil. Try OPEC+ and the whimsical commodity traders.
MAROON
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my favorite response when idiots talk about Big Oil is to ask them what percentage of world oil production they think Exxon controls....it's less than 3% for those wondering.
What do you boys want for breakfast BBQ ?.....OK Chili.
BiochemAg97
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nu awlins ag said:

Newsom Proposes Limit on Oil Refining Margins
by Bloomberg|Laura Mahoney, Simon Casey|Tuesday, December 06, 2022


Holy hell. What about the likes of Apple, Beta, Nike etc. He's a total clown as is the whole Democratic Party. I hate with a passion the term "Big Oil" as if they actually control the price of oil. Try OPEC+ and the whimsical commodity traders.


That is an interesting way to say "price control" for distillates.
nu awlins ag
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BiochemAg97 said:

nu awlins ag said:

Newsom Proposes Limit on Oil Refining Margins
by Bloomberg|Laura Mahoney, Simon Casey|Tuesday, December 06, 2022


Holy hell. What about the likes of Apple, Beta, Nike etc. He's a total clown as is the whole Democratic Party. I hate with a passion the term "Big Oil" as if they actually control the price of oil. Try OPEC+ and the whimsical commodity traders.


That is an interesting way to say "price control" for distillates.


Yup, totally bull***** This wouldn't happen in any other industry. Look at the pharmaceutical industry….I could go on but I would need a whiskey and beer and perhaps an aspirin.
one MEEN Ag
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MAROON said:

my favorite response when idiots talk about Big Oil is to ask them what percentage of world oil production they think Exxon controls....it's less than 3% for those wondering.
It coulda been 4% if it weren't for those meddling russian sanctions! 5% if XTO had lived up to its billing!
nu awlins ag
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AG
Oil closes at $71. So much for big oil?
techno-ag
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Nuclear fusion, y'all.

https://www.marketwatch.com/amp/story/world-awaits-u-s-nuclear-fusion-breakthrough-experts-warn-commercial-viability-a-decade-away-11670891978
ChemAg15
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AG
Nuclear fusion is the unicorn farts that could actually power the world some day. Huge milestone.
LostInLA07
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This is exactly why wasting trillions building a "green" grid with solar and wind is a huge mistake. Natural Gas and nuclear provide the best bridge technologies and we should instead be investing in next generation technologies that don't rely on mining lithium instead of drilling for natural gas.
techno-ag
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AG
Agreed. Even the newer trad nuclear stuff is head and shoulders superior to the old power plants. Not to mention next gen fusion stuff.

And NG burns cleanest and is abundant.
sts7049
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this is a really good article about hydrogen applications and issues the tech faces. long way to go in spite of the buzz.

https://about.bnef.com/blog/liebreich-the-unbearable-lightness-of-hydrogen/
cone
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without having read the article, i would assume the primary issue is the second law of thermo
PeekingDuck
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AG
High water usage or hydrocarbons, pick your poison.
Ogre09
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cone said:

without having read the article, i would assume the primary issue is the second law of thermo


The article focuses on the trouble of storing and transporting it due to its low density, small particle size, and low boiling temp. But your point is valid too: hydrogen from water can't be a primary energy source.
cone
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i trust material advancements in energy control and containment (i.e. fusion) far more than i trust our ability to reasonably beat entropy (i.e. large scale low temperature batteries)
Boy Named Sue
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From the link: "Stay constructive, but selective focus on rate of change. With impacts from inflation (most messaging 10-20% higher costs in 2023), a reversal of high grading, and degrading industry-wide well performance, we see a growing capital efficiency divide across the industry. Against that backdrop, we remain focused on rate of change trends (both on cash return and capital efficiency) and generally prefer stocks with (1) strong and/or improving FCF; and (2) scale and asset diversity to better manage inflation risks. Looking ahead, Majors (OW XOM), Canadian producers (OW SU & CVE), and some globally diversified E&Ps (OW APA & COP) are best positioned, while we are more selective within shale producers (OW EOG / UW PXD)."
Cyp0111
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Their talking point is consistent with what we are seeing.
topher06
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FERC now further delaying Freeport LNG
Premium
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AG
nu awlins ag said:

Oil closes at $71. So much for big oil?


$77
Sea Speed
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topher06 said:

FERC now further delaying Freeport LNG


Reason given?
AgLA06
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AG
Do they have valid issues here or is this just politics?
sts7049
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it seems they have asked a bunch of follow up questions.

Quote:

The Federal Energy Regulatory Commission sent a detailed list seeking additional information or documents for 64 items following a Nov. 30 visit to the facility by FERC, the U.S. Coast Guard and Pipeline Hazardous Materials Safety Administration.

they probably are being nitpicky, but, hard to say. sometimes companies are not good either at showing good evidence of taking action.
rak1693
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Premium said:

nu awlins ag said:

Oil closes at $71. So much for big oil?


$77

To add to that, I did stumble across this article this morning.

https://www.rigzone.com/news/wire/iea_says_oil_prices_may_rally_next_year-14-dec-2022-171385-article/

Seems as if we'll start coming back up a little shortly after the new year rolls around as China continues to open and Russia continues to decrease their production.
cone
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Quote:

FERC now further delaying Freeport LNG

lol
Premium
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rak1693 said:

Premium said:

nu awlins ag said:

Oil closes at $71. So much for big oil?


$77

To add to that, I did stumble across this article this morning.

https://www.rigzone.com/news/wire/iea_says_oil_prices_may_rally_next_year-14-dec-2022-171385-article/

Seems as if we'll start coming back up a little shortly after the new year rolls around as China continues to open and Russia continues to decrease their production.


I think they should add the stoppage of our SPR release and speculate on when it will be filled back up. My guess is they don't replenish but they should.
rak1693
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AG
Fully agreed
Boy Named Sue
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cone said:

Quote:

FERC now further delaying Freeport LNG

lol


But company says still planning to reopen by end of the year. Sure seems ambitious to me, but they're big boys and will be careful what they say publicly
Ogre09
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AG
They're a private company so they can say whatever they want
topher06
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AgLA06 said:

Do they have valid issues here or is this just politics?


Don't know, but the last minute rolling delays the feds keep throwing up are suspicious for a non lethal or even injuring event
Boy Named Sue
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Ogre09 said:

They're a private company so they can say whatever they want


Cheniere is public and owns 40%, I believe
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