Oily Stuff
            Oily News, Analysis & Opinions
      Oily Photographs, History, Videos & Cartoons
Oily Humor & Short Stories  About a Very Long, Oily Life
Basically, all this chart shows is that Exxon's great new hope for its $64 billion acquisition of Pioneer Natural Resources
is not working. Four-mile laterals may have cut costs, some, but increased drilling risks significantly, and in my opinion, reduced recovery rates of oil in place.
In the end the average implied EUR from cumprods. at month 60 is 3.5 % more than a typical two mile lateral.
The problem with this longer-is-better hooey is that the Midand Basin is so jam-packed with HZ wells in the three major, productive benches, its pressure depleted. Significantly.
Four-mile laterals are being squeezed in between 2 milers and guess what?
They're pressure depleted too. Imagine that!
Sign In:
Readers can subscribe to the blog to
to receive notices of posts and can become a site member to participate in forum discussions. Sharing your email address would be dishonest and I don't do that kind of stuff. You can unsubscribe anytime, for any reason.
I do this blog stuff for fun, not to make money. I am not trying to sell you anything.
The materials provided on this site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. I may make data related mistakes occasionally; if you use my opinions about oil reserves or shale well economics for financial purposes, to buy or sell stocks, your nuts. Don't do that. If I have used a photograph incorrectly it was for educational purposes and I have done my best of to give credit where credit is due. My stories are all true, slightly embellished, perhaps, but true; I don't change names to protect the guilty. I am as accurate as possible about history and historical facts; I work very hard at that.All rights are reserved, whatever that means. Don't blame me, I didn't do it.
