pstarr wrote:So you buy that USGS crap, huh? Go over to peakoilbarreldotcom for lesson. Ask for Mike Shellman
Moreover given the bench EUR estimates most of that imaginary oil will require $150 to remotely be economic.
One final note, on the cost and time to do all this, if you just drilled all the A wells in my more realistic AU, it would be close to 30,000 wells, about ten years straight at current drill rate and a cost of about a quarter trillion or more. Then you can move on to the B C D etc. wells. My grandchildren will likely be able to come out and drill wells on top of or underneath wells I drilled.
New research by a scientist at Cornell University warns that the fracking boom in the U.S. and Canada over the past decade is largely to blame for a large rise in methane in the Earth's atmosphere—and that reducing emissions of the extremely potent greenhouse gas is crucial to help stem the international climate crisis.
Professor Robert Howarth examined hydraulic fracturing, or fracking, over the past several decades, noting the fracking boom that has taken place since the first years of the 21st century. Between 2005 and 2015, fracking went from producing 31 billion cubic meters of shale gas per year to producing 435 billion cubic meters.
Nearly 90 percent of that fracking took place in the U.S., while about 10 percent was done in Canada.
Questions: 1. Is Fracking used to retrieve oil or gas or, maybe, both? 2. Which one pays the bills, oil or gas? 3. Always under the impression that natural gas was only useful for domestic consumption, which is why it's price was low for so long, but petroleum is salable on the global market and commands a more stable price. Is that so?
https://www.bbc.com/news/business-50267454
The government has called a halt to shale gas extraction - or fracking - in England amid fears about earthquakes.
The indefinite suspension comes after a report by the Oil and Gas Authority (OGA) said it was not possible to predict the probability or size of tremors caused by the practice.
Business Secretary Andrea Leadsom said it may be temporary - imposed "until and unless" extraction is proved safe.
dolanbaker wrote:Confidence "literality" shaken in fracking in the UKhttps://www.bbc.com/news/business-50267454
The government has called a halt to shale gas extraction - or fracking - in England amid fears about earthquakes.
The indefinite suspension comes after a report by the Oil and Gas Authority (OGA) said it was not possible to predict the probability or size of tremors caused by the practice.
Business Secretary Andrea Leadsom said it may be temporary - imposed "until and unless" extraction is proved safe.
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.
Tanada wrote:dolanbaker wrote:Confidence "literality" shaken in fracking in the UKhttps://www.bbc.com/news/business-50267454
The government has called a halt to shale gas extraction - or fracking - in England amid fears about earthquakes.
The indefinite suspension comes after a report by the Oil and Gas Authority (OGA) said it was not possible to predict the probability or size of tremors caused by the practice.
Business Secretary Andrea Leadsom said it may be temporary - imposed "until and unless" extraction is proved safe.
That is kind of nuts, unless you are working in a spot with an active fault you literally can not release a huge surge of earthquake energy because there hasn't been a build up of energy to release.
Where did these guys get their education in basic science?
GHung wrote:Tanada wrote:dolanbaker wrote:Confidence "literality" shaken in fracking in the UKhttps://www.bbc.com/news/business-50267454
The government has called a halt to shale gas extraction - or fracking - in England amid fears about earthquakes.
The indefinite suspension comes after a report by the Oil and Gas Authority (OGA) said it was not possible to predict the probability or size of tremors caused by the practice.
Business Secretary Andrea Leadsom said it may be temporary - imposed "until and unless" extraction is proved safe.
That is kind of nuts, unless you are working in a spot with an active fault you literally can not release a huge surge of earthquake energy because there hasn't been a build up of energy to release.
Where did these guys get their education in basic science?
Historical seismicity of the UK (yellow) from 1832 to 1970 for earthquakes of magnitude above 3.0 and instrumental seismicity (red) from 1970 to present for earthquakes with ML >2.0.
https://www.bgs.ac.uk/discoveringGeolog ... ty_map.jpg
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.
There are no earthquake provisions in UK building regulations, a minor quake could do structural damage to many of the buildings.
Minot tremors are commonplace in areas that used to have mining as the old mines collapse and the ground subsides.
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