Re: Declining Production in Texas
Posted: Wed 06 Jul 2016, 02:42:58
Adam - "Are you saying you don't want to claim SOME of the credit for the US becoming the world's largest natural producer, " No...no credit at all. Which is why I would have no problem accepting anyone's estimate of XXX billions of bbls ofvproven oil reserves or be equally satisfied in accepting someone else's estimate of 10% of those XXX billion bbls of proven oil reserves.
Honestly, I really don't care how much proven oil is or isn't out there in Texas, the USA or the entire world. That's exactly what I mean when I say I don't have a dog in the fight. Which also doesn't automatically mean I'm correct. Just means I'm not motivated to come up with either an optimistic or pessimistic answer. Because I REALLY, REALLY DON'T CARE WHAT THE ANSWER IS just as long as it's based on solid evidence. Really, all I care about is how much oil I find and the profit margin. As I've said numerous times: we in the oil patch are not a band of brothers. I don't care in the least if XOM or any other company dries up and disappears. Nor do I care if our citizens have enough affordable energy in the future. I'm not responsible for either situation... those are someone else's problems. I take care of my problems. Others need to fix theirs.
I'm not my brother's keeper. Especially if he doesn't understand what he's doing and f*cks up his life as a result. LOL.
BTW: mentioning the name of a formation in the Permian Basin (or anywherer erlse, for that matter) doesn't prove sh*t about reserve potential. Show me the maps, proposed well locations, economic analysis including cost and oil prices, detailed spacial reservoir analysis and then we'll have something to discuss. This he said/she said bullish*t is wasting everyone's time. I've worked four decades in a world populated with detailed data...not hyperbole. LOL.
Honestly, I really don't care how much proven oil is or isn't out there in Texas, the USA or the entire world. That's exactly what I mean when I say I don't have a dog in the fight. Which also doesn't automatically mean I'm correct. Just means I'm not motivated to come up with either an optimistic or pessimistic answer. Because I REALLY, REALLY DON'T CARE WHAT THE ANSWER IS just as long as it's based on solid evidence. Really, all I care about is how much oil I find and the profit margin. As I've said numerous times: we in the oil patch are not a band of brothers. I don't care in the least if XOM or any other company dries up and disappears. Nor do I care if our citizens have enough affordable energy in the future. I'm not responsible for either situation... those are someone else's problems. I take care of my problems. Others need to fix theirs.
I'm not my brother's keeper. Especially if he doesn't understand what he's doing and f*cks up his life as a result. LOL.
BTW: mentioning the name of a formation in the Permian Basin (or anywherer erlse, for that matter) doesn't prove sh*t about reserve potential. Show me the maps, proposed well locations, economic analysis including cost and oil prices, detailed spacial reservoir analysis and then we'll have something to discuss. This he said/she said bullish*t is wasting everyone's time. I've worked four decades in a world populated with detailed data...not hyperbole. LOL.