Anyone else on this Bill Von Goten call with MS?

Interesting discussion on need to increase recovery factor in shale wells. I didn't realize oil recovery factor in Permian was 6%. In Vaca Muerta they are getting 12-15%, but Argentina politics are a major headwind from it ever being play despite large amount of resource in place.

Waltonloads08 said:

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Anyone else on this Bill Von Goten call with MS?

Interesting discussion on need to increase recovery factor in shale wells. I didn't realize oil recovery factor in Permian was 6%. In Vaca Muerta they are getting 12-15%, but Argentina politics are a major headwind from it ever being play despite large amount of resource in place.

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argentine politics are an issue sure, but they are getting stuff out of the ground here and it's growing. now, if the country collapses again who knows, but they do know that this is their golden goose.

Waltonloads08 said:

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Anyone else on this Bill Von Goten call with MS?

Interesting discussion on need to increase recovery factor in shale wells. I didn't realize oil recovery factor in Permian was 6%. In Vaca Muerta they are getting 12-15%, but Argentina politics are a major headwind from it ever being play despite large amount of resource in place.

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Did he offer any methods or ideas on how to increase recovery factor?

Boat Shoes said:

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Waltonloads08 said:

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Anyone else on this Bill Von Goten call with MS?

Interesting discussion on need to increase recovery factor in shale wells. I didn't realize oil recovery factor in Permian was 6%. In Vaca Muerta they are getting 12-15%, but Argentina politics are a major headwind from it ever being play despite large amount of resource in place.

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Did he offer any methods or ideas on how to increase recovery factor?

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Frac better, duh

Boat Shoes said:

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Waltonloads08 said:

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Anyone else on this Bill Von Goten call with MS?

Interesting discussion on need to increase recovery factor in shale wells. I didn't realize oil recovery factor in Permian was 6%. In Vaca Muerta they are getting 12-15%, but Argentina politics are a major headwind from it ever being play despite large amount of resource in place.

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Did he offer any methods or ideas on how to increase recovery factor?

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find ways to reduce H2O volume and find a way to commercialize nano-sized proppant (doesn't exist yet) at scale and volume.

Waltonloads08 said:

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Boat Shoes said:

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Waltonloads08 said:

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Anyone else on this Bill Von Goten call with MS?

Interesting discussion on need to increase recovery factor in shale wells. I didn't realize oil recovery factor in Permian was 6%. In Vaca Muerta they are getting 12-15%, but Argentina politics are a major headwind from it ever being play despite large amount of resource in place.

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Did he offer any methods or ideas on how to increase recovery factor?

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find ways to reduce H2O volume and find a way to commercialize nano-sized proppant (doesn't exist yet) at scale and volume.

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By MS I assume you mean Morgan Stanley? Wonder if there is a way to watch a recording.

Waltonloads08 said:

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Boat Shoes said:

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Waltonloads08 said:

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Anyone else on this Bill Von Goten call with MS?

Interesting discussion on need to increase recovery factor in shale wells. I didn't realize oil recovery factor in Permian was 6%. In Vaca Muerta they are getting 12-15%, but Argentina politics are a major headwind from it ever being play despite large amount of resource in place.

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Did he offer any methods or ideas on how to increase recovery factor?

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find ways to reduce H2O volume and find a way to commercialize nano-sized proppant (doesn't exist yet) at scale and volume.

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Nano proppant or nano surfactant?

Is there evidence that micro proppant actually increases production? If so, what size are we talking?

What is micro proppant? From my frac days a few years ago, I recall 200 Mesh proppant which others call silica flour but I don't know if anything smaller that was common. Even then, silica flour wasn't that common.

It may have been nano surfactant. I'm a finance/strategy guy, not engineer.

He said in the lab yes, 12%+ should be the goal

Yea it's not nano or micro proppant.

Waltonloads08 said:

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Boat Shoes said:

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Waltonloads08 said:

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Anyone else on this Bill Von Goten call with MS?

Interesting discussion on need to increase recovery factor in shale wells. I didn't realize oil recovery factor in Permian was 6%. In Vaca Muerta they are getting 12-15%, but Argentina politics are a major headwind from it ever being play despite large amount of resource in place.

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Did he offer any methods or ideas on how to increase recovery factor?

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find ways to reduce H2O volume and find a way to commercialize nano-sized proppant (doesn't exist yet) at scale and volume.

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Metis Energy is in the process of commercializing the use of +/- 350 mesh fly ash as a proppant. Houston company with former Shell Research and Halliburton talent (among others)…

rak1693 said:

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What is micro proppant? From my frac days a few years ago, I recall 200 Mesh proppant which others call silica flour but I don't know if anything smaller that was common. Even then, silica flour wasn't that common.

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Look up Metis Energy… Using fly ash as a+/- 350 mesh proppant.

Interesting.

Fly Ash is cheap and a by product of the cement mfg process if I remember correctly. As an old fracer (is that a word?) 100 mesh does a number on fluid ends unless suspended really well. I never frac'd with 200 mesh but I have used it in cementing applications. I've never even heard of 350 mesh.

Fuzzy Dunlop said:

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Interesting.

Fly Ash is cheap and a by product of the cement mfg process if I remember correctly. As an old fracer (is that a word?) 100 mesh does a number on fluid ends unless suspended really well. I never frac'd with 200 mesh but I have used it in cementing applications. I've never even heard of 350 mesh.

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Fly ash is actually the burned fuel (principally coal) particulates captured in the flue stack prior to the chimney. Fly ash is used in cement production, not a byproduct of the cement process.

In my experience 100 mesh is principally used in classical frac jobs to block natural micro-fractures so that frac energy could be concentrated in propagating the main frac channel.

In a fly ash job, the near wellbore "complexity" is the target of the frac procedure rather than a problem to be blocked.

How do you find out more about this? Their website sucks and I was trying to explain it today to a customer (neither myself nor is my customer in O&G, but they are in the business of working on coal plant ash projects in the eastern half of the US).

O&G people on Twitter are losing it over the Earthquake that just happened near Midland, some saying that 'regulators' need to shut down all fracking in the Permian. I think a lot of these folks just want to see $200 oil.

Goose06 said:

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Dreigh said:

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O&G people on Twitter are losing it over the Earthquake that just happened near Midland, some saying that 'regulators' need to shut down all fracking in the Permian. I think a lot of these folks just want to see $200 oil.

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Doubt it's "oil and gas" people or at least not people operating in the Permian.

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Painting with too broad of a brush… Majority of the twitter response probably the tiny woke or liberal crowd in the PB that is with the anti-frac nits, but I bet some natural gas heavy producers who are not actively developing would like to see the unconventional operators slow down development.

Why? The negative WAHA differential against Henry Hub is exacerbated by the additions of associated natural gas from unconventional oil production straining natural gas exit capacity.

Probably much ado about nothing, though…

Goose06 said:

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Dreigh said:

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O&G people on Twitter are losing it over the Earthquake that just happened near Midland, some saying that 'regulators' need to shut down all fracking in the Permian. I think a lot of these folks just want to see $200 oil.

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Doubt it's "oil and gas" people or at least not people operating in the Permian.

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It's mostly folks that trade O&G equities that are screeching about it, saying that fracking in the Permian 'won't survive the regulations that are coming.'

Who it is that would institute such regulations? Beats me.

Both BLM and EPA have new regulations coming in 2023 that are quite terrible as written (EPA worse than BLM). However, new Permian production is likely best able to handle whatever ****show the feds throw at O&G. It's existing production that'll have a problem.

There's also the recently released New Mexico ozone rule and the threat of a nonattainment designation for ozone from the feds.

PeekingDuck said:

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Both BLM and EPA have new regulations coming in 2023 that are quite terrible as written (EPA worse than BLM). However, new Permian production is likely best able to handle whatever ****show the feds throw at O&G. It's existing production that'll have a problem.

There's also the recently released New Mexico ozone rule and the threat of a nonattainment designation for ozone from the feds.

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What's the problem for existing production?

Is the EPA looking to shut-in existing wells or something? That would make no sense, it would only encourage more drilling.

It's people that have assets in other basins…

Cyp0111 said:

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It's people that have assets in other basins…

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Yeah, probably right.

OOOOa, b and down the road c. Like most regs, it doesn't require you to shut in wells but makes it uneconomical to continue production for those old stripper wells.

Not to downplay the earthquakes, but is there research on damage these quakes are causing?

This board takes no convincing of the benefits of fracking.

CaptnCarl said:

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Not to downplay the earthquakes, but is their research on damage these quakes are causing?

This board takes no convincing of the benefits of fracking.

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What did the earthquake measure? Also is it really the frac activity or the longterm disposal/injection that's causing this?

Joseph Parrish said:

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CaptnCarl said:

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Not to downplay the earthquakes, but is their research on damage these quakes are causing?

This board takes no convincing of the benefits of fracking.

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What did the earthquake measure? Also is it really the frac activity or the longterm disposal/injection that's causing this?

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Everything I've seen says it's deep disposal causing the bigger earthquakes. Think the most recent earthquake near midland was a 5.3.

Joseph Parrish said:

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CaptnCarl said:

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Not to downplay the earthquakes, but is their research on damage these quakes are causing?

This board takes no convincing of the benefits of fracking.

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What did the earthquake measure? Also is it really the frac activity or the longterm disposal/injection that's causing this?

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It's waste water disposal that is being blamed for the quakes. Still, it isn't stopping the Twitter crowd from crowing about an impending frac ban.

Where does the vast majority of the wastewater come from? Frac load…

Operators and companies are starting to change their water disposal strategies because of the seismicity risks - recycling water from completions and production at the surface will likely be a boom business for companies like XRI that are ahead of the trend that will reduce the earthquake risks over time.

buffalo chip said:

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Where does the vast majority of the wastewater come from? Frac load…

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i'm pretty sure the produced water volume is higher

buffalo chip said:

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Where does the vast majority of the wastewater come from? Frac load…

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I'm just noting that fracking (fraccing, frac'ing) itself is not the direct cause of seismic activity.