Environment & Energy
Related: About this forumNature Of Shale Becoming Evident In Oil & Gas "Boom" - The Return Of The Red Queen
EDIT
The rapid decline rates in shale wells suggest that oil and gas molecules are moving just a short distance out of the pores created in hydraulic fracturing, the process of injecting sand and water into formations to unlock trapped hydrocarbons.
Thats far removed from the days when producers at conventional reservoirs could soak up oil from hundreds of miles away because of the sandstones natural porosity and permeability, Potter said.
In North Dakota, the oil-rich Bakken Shales daily production from new wells is projected to jump 89,000 barrels of oil per day this month, but aging, depleting wells are expected to drain 63,000 barrels from the regions production about 20,000 barrels more than the decline from old wells a year ago, according to the Energy Information Administration.
And while South Texas Eagle Ford Shale is projected to produce 116,000 barrels of oil a day this month, production from the regions older wells will decline by 83,000 barrels. Thats double last years daily depletion rate. Oil and gas analysts say, however, that old shale wells will be able to produce albeit, at a fraction of its original production for decades.
EDIT
http://fuelfix.com/blog/2013/12/17/shale-well-depletion-raises-questions-over-us-oil-boom/
Demeter
(85,373 posts)Would that be "jam every other day" Red Queen, meaning: jam tomorrow, jam yesterday, but never any jam today...?
Tracked it down:
Now, here, you see, it takes all the running you can do, to keep in the same place, the Red Queen says. If you want to get somewhere else, you must run at least twice as fast as that!
http://fuelfix.com/blog/2013/10/30/red-queen-effect-can-make-production-slow-down-in-a-hurry/?cmpid=eefl
hatrack
(59,592 posts)Demeter
(85,373 posts)I've been really BAD this year...
Champion Jack
(5,378 posts)NickB79
(19,258 posts)He who has the most toys when civilization comes off the rails wins!
Or something like that.
Champion Jack
(5,378 posts)Problem is....
He who dies with the most toys
Is still dead