dashster wrote:Does anyone understand this post regarding fracking, rigs and pad drilling.
http://petroleumtruthreport.blogspot.co.uk/
It says the average rig on a "pad" drills three wells on average and says that means that each rig going away means you lose 3 wells, not one. But the rig can't be drilling all 3 at the same time can it? Whether they drill 3 wells from a single location or 3 locations, don't they all have to happen sequentially? I don't get it.
Pops wrote:dashster wrote:Does anyone understand this post regarding fracking, rigs and pad drilling.
http://petroleumtruthreport.blogspot.co.uk/
It says the average rig on a "pad" drills three wells on average and says that means that each rig going away means you lose 3 wells, not one. But the rig can't be drilling all 3 at the same time can it? Whether they drill 3 wells from a single location or 3 locations, don't they all have to happen sequentially? I don't get it.
They pretty well explain that it increases productivity per well. Because they don't have to lay the rig down completely, mobilize it etc between holes they drill multiple wells faster.
toolpush wrote:Rockman,
What you are saying is, the 91 rig drop this week, is the beginning, not the end? lol
In a lot of ways the shorter and sharper the better.
Next week, we get to see the shale players final quarter results. And that is going to be a fantastic quarter compared to what comes out in April.
I wonder how long before the "experts" catch on to the final result?
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
ROCKMAN wrote:There's some data there many will overlook because they re focused on just the shales. Check the year old stats for VERTICAL oil and NG sells being drilled. This gives a very clear picture of conventional oil/NG development even with $95/bbl oil and NG selling for 170% more then the current price: excluding offshore wells we had only 335 rigs drilling. Yes: fewer shale wells will be drilled but how many rigs will be drilling conventional oil and NG with them selling for about half the price they were a year ago?
If nothing else those numbers should clearly explain why the pubcos threw so much money at the shales: they had little else to drill for.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
ROCKMAN wrote:Check the year old stats for VERTICAL oil and NG sells being drilled.
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