[Plantagenet]

Using new technology for fracking and producing and lifting oil, old oil fields in California and elsewhere are being redrilled, reworked and rejuvenated. Production at some old conventional oil fields that peaked decades ago is now going back up.

Stripper oil well production and oil production from decades-old conventional oil fields has been falling for decades. Now, using new technology, Old stripper wells, that used to produce 3-4 bbls of oil per day, can now be made to produce ca. 100 bbls of oil per day. Even stripper wells that were abandoned are now being reworked and returned to oil production.

This might not sound important, but the US has 420,000 stripper wells, accounting for ca. 10% of total US oil production.

Look for oil production from US stripper wells and old conventional fields to start increasing now.

Oh....and this is reworking of old and even abandoned stripper wells and old oil fields is profitable at ca. $10-$30 bbl oil.

old-oil-is-new-again

Cheers!


There's oil in them thar old stripper wells

[Plantagenet]

Old oil fields being redrilled and fracked to rejuvenate them

Horizontal-drilling-fracking-begins-in-old-shallow-oil-and-gas-fields

Drilling into existing oil fields pretty much eliminates the chance of getting a dry hole.

Cheers!

[AdamB]

Old oil fields being redrilled and fracked to rejuvenate them

Horizontal-drilling-fracking-begins-in-old-shallow-oil-and-gas-fields

Drilling into existing oil fields pretty much eliminates the chance of getting a dry hole.

Cheers!

And such things have been estimated by the USGS to have some 600+ billion barrels in them. I wonder when that is going to show up on peak oil "conventional oil" discovery charts?

https://pubs.er.usgs.gov/publication/sir20155091

[ROCKMAN]

Not going to take time for the details. But shallow conventional oil and NG have been going thru redevelopment with hz wells for more then 20 years. Not only onshore but also offshore in the GOM. The Rockman began such a project in Texas 5 years ago. A project he generated 15 years ago but was waiting to the most adventageous time to talk someone into doing it.

But the potential is way overhyped. Only a small % of existing old fields have the potential. The Rockman has evaluated in detail at least 150 fields in the last 10 years and less the 20 appeared to be worth drilling.

Yes: hundreds of billions of bbls of oil left in old fields. Just as there will be 100 years from today. Think about it: the tech to redevelop old conventional fields was well known when the price was $90+/ bbl. And those hundreds of billion of bbls in those old conventional fields has been well known for decades. Now name the fields that underwent significant redevelopment when we had high oil prices.

And now that oil prices have dropped about 50% companies are going after those fields they ignored 5 years ago? That makes sense? Really???

BTW companies have tried to hz redevelop fields in the same trend the Rockman is redeveloping. And every effort was a financial failure. And a company began hz redeveloping the same reservoir in THE SAME FIELD as the Rockman has been drilling. It began drilling after Rockman reported his first well: they got a copy of Rockman's proposal he put out during efforts to raise investment money. And have lost their ass: they have 10 wells producing the same amount of oil as Rockman's 2 wells. Why?

Rockman's prospective explained the potential in the field. But it didn't explain exactly how to do it. The Rockman would be thrilled to publish a peer review article explaining how I did it just to flaunt in the faces of so many engineers who said the Rockman's idea wouldn't work. But his confidentiality agreement with his owner prohibits it.

Just because an old conventional oil field has the potential to be redeveloped with hz drilling doesn't mean it will. BTW the Rockman learned much of the method he's using in the early 1990's in the offshore GOM. And learned much of it from some folks doing it in the Norh Sea. In fact many of his directional drillers way back then were Scotsmen. And some of the tech was developed by Amoco in Africa.

IOW to go over the details this would be a very long story that began almost 3 decades ago. Meaning this sh*t don't suddenly just develop overnight as many of these stories imply. LOL.

[Plantagenet]

The Rockman would be thrilled to publish a peer review article explaining how I did it just to flaunt in the faces of so many engineers who said the Rockman's idea wouldn't work. But his confidentiality agreement with his owner prohibits it.

So some old fields can be redeveloped? you've done it and it can be done? Interesting.

Just because an old conventional oil field has the potential to be redeveloped with hz drilling doesn't mean it will. BTW the Rockman learned much of the method he's using in the early 1990's in the offshore GOM. And learned much of it from some folks doing it in the Norh Sea. In fact many of his directional drillers way back then were Scotsmen. And some of the tech was developed by Amoco in Africa.

IOW to go over the details this would be a very long story that began almost 3 decades ago. Meaning this sh*t don't suddenly just develop overnight as many of these stories imply. LOL.

Yup. We only see so far because we are standing on the soldiers of giants.

[ROCKMAN]

Plant - "We only see so far because we are standing on the soldiers of giants." Actually to Rockman's everything he acomplished in his 41 years was the result of being smart enough to find geniuses upon whose shoulders (and not "soldiers" LOL) he could stand upon. The Rockman has never invented a single application he ever used. Honestly. But what the Rockman did was take applications some developed in one theater and used it in another. The technique I'm using to redevelop that old field? There are a 1,000+ engineers and geologists that have applied it...OFFSHORE. The Rockman is doing it ONSHORE where the geologists and engineers who have worked that same trend for 30+ have never seen the application. In fact when I showed them how it was done successfully offshore the vast majority still said it wouldn't work.

Same problem folks run into in all industries trying to sell a new idea: EGO. Why IBM decided to stick with mainframes and let some punk kid go after PC software. LOL.