yeah they stand to do well. Thing is, the Seminoles down in FL are clearing 120gs a year tax free for every man woman and child. the kicker, they ARE STILL putting in for low income housing from the feds!!
Some incredible news on the oil front
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yeah they stand to do well. Thing is, the Seminoles down in FL are clearing 120gs a year tax free for every man woman and child. the kicker, they ARE STILL putting in for low income housing from the feds!!
I don't think the reservations themselves will benefit much except the Standing Rock and Cheyenne River reservations maybe. Those 2 might see a few wells but the people would more than likley benefit from jobs. FT. Thomp[son and Yankton Sioux Tribes will probaly get something for having the pipeline buried 4ft underground. Rosebud and Pine Ridge will probably not see anything. I could just imagine some of the southern trash trying to talk smack to the Indians untill a few of them are found face down in a creek somewhere.
It's an AWFUL lot harder and most costly to get oil out of the ground in the US ... all the "easy" oil has already been found and pumped out.
When you're dealing with reservoir permeabilites on the 1-10 darcy level like they do in Saudi Arabie vs the microdarcy permeabilities we have up here in the Rockies it's more costly to get this stuff ..
Hell my understanding of it is in that quite a few reservoirs in Saudi Arabia they don't even have to frac some wells to get them to produce ...just acidize to clean up from drilling and let them go.
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awesome, we wont have to drive across that boring *** state of nebraska.
And Iowa is better how??
Hell not just the indians, talk smakc to some of the locals and end up the same. right after you find out what a sheep goes through
To enlighten all of you, there are 128 drill rigs operating and drilling at the beginning of the week just here in colorado with 4171 approved drilling permits to take place this year......We are in the process/beginning of sucking this country dry. However, the companies are not going to lower the prices......they will continue to raise them until they see a decline in sales, reduce the price until sales kick back up and play the game till were all out of money
We figured that's what all the seismic crews were doing. Watched 'em all week drive around and pound the ground by Grizzly Creek up towards Walden.
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man... we were sitting in Rawlins a few months back and a few "respectable" business owners from in town were sitting one table away from us. I heard one mention "oil money" and my ears perked up, so I started listening.
This retard was talking about how all the "oil money" coming in was going to allow him to double the size of his store because this "oil money" was going to keep coming in for the next 20 years.
I literally started laughing out loud. A refinery job is 10 years at a shot, tops, and this one has already been going for almost 5 now (I was on it the first ~ 3). Now, if you start talking exploratory drilling, developing a field from the ground up including processing facilities, now you're talking 20-30 years of solid work with 5-10 of boom.
All the "boom-mongers" need to STFU and stop spouting off about how much money they are going to make and start looking for steady work.
Eh... I'll stop rambling since I know I'm preaching to the choir for some of you.
I wouldn't call it horizontal drilling
Funniest thing I've ever seen was a driller decided he would play a joke on the company man one winter. He took an old bit and a chunk of drill collar and stuck it into the ice on the resevoir down the hill from the rig. Took a pic of it and sent it to the company.
He got fired
man... we were sitting in Rawlins a few months back and a few "respectable" business owners from in town were sitting one table away from us. I heard one mention "oil money" and my ears perked up, so I started listening.
This retard was talking about how all the "oil money" coming in was going to allow him to double the size of his store because this "oil money" was going to keep coming in for the next 20 years.
I literally started laughing out loud. A refinery job is 10 years at a shot, tops, and this one has already been going for almost 5 now (I was on it the first ~ 3). Now, if you start talking exploratory drilling, developing a field from the ground up including processing facilities, now you're talking 20-30 years of solid work with 5-10 of boom.
All the "boom-mongers" need to STFU and stop spouting off about how much money they are going to make and start looking for steady work.
Eh... I'll stop rambling since I know I'm preaching to the choir for some of you.
I wouldn't call it horizontal drilling
Funniest thing I've ever seen was a driller decided he would play a joke on the company man one winter. He took an old bit and a chunk of drill collar and stuck it into the ice on the resevoir down the hill from the rig. Took a pic of it and sent it to the company.
He got fired
Yeah I keep thinking this whole natural gas boom we've had in the Rockies the last 10 years or so is gonna slow down here pretty soon ..
My dad has this bumper sticker pinned to his wall in his office that says "Dear God, please let there be another OIL BOOM. I promise not to piss it away this time!"
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My dad first bought that bumper sticker in 80 when the Overthrust boom started to slow. People called him nuts because of what he was doing at the time, and in 84 it went bust and you wouldn't believe how many people lost everything (including business owners).
Its pretty interesting to look at the Overthrust field. IIRC it was first starting to get really developed right around 75 or 76. Now, in 2008, one of the plants is officially being dismantled because the field has depleted so far they can't even run 2 plants at 50%. This was one of those fields people were saying was going to last 50 years too, thats why I take all the estimates from the Jonah with a grain of salt
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its what we call the field north of evanston, where the Carter Creek and Whitney Canyon plants are. I don't even know if thats the actual name for it or not, we've just always called it the Overthrust Belt.
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I think there is alot more oil in our country than the gonernment is leading on. I have also read reports that say there is massive amounts or oil in sout eastern utah and western colorado. it is said that this reserve would rival the entire middle eastern countries in quanity, however its in rock and excessivle hard to get out. they are developing new tech and what not to get it because now that oil is so high its actually cost effictive to do so. we will see i guess. it would be great if we could become totally energy dependant on our own countries products.
I bet there are alot of guys who say that!
paying indians for what reason????
The sooner the white man figures out that this whole attitde of the poor indian,the poor black man,the poor mexican and so on and so forth is a stupid wast of time the better we will all be for it!!!!FIT IN OR GET ROLLED OVER!! If a person wants to make themselves a slave to another race then move to another country and have at it!This is not the attitude that this country was founded on and should not be a permissible one totay!!!!
The sooner the white man figures out that this whole attitde of the poor indian,the poor black man,the poor mexican and so on and so forth is a stupid wast of time the better we will all be for it!!!!FIT IN OR GET ROLLED OVER!! If a person wants to make themselves a slave to another race then move to another country and have at it!This is not the attitude that this country was founded on and should not be a permissible one totay!!!!
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IIRC, they have been trying to get the oil shale to produce since the mid 80's. Thats one good thing about high price per barrel
So what did the report say about this?
Well heres the deal, THERE IS OIL UP HERE. As of right now, the boundries of the field are not really defined and production has only been going for a short term. The first page of this article talks about EOG's production:
https://www.dmr.nd.gov/ndgs/Newsletter/NL0308/pdfs/Parshall.pdf
I doubt that there is much in SD other then the NW corner. Because of this, the reservations mentioned above won't see much of any effect except for maybe piplines. However, the Parshall Field does border the Fort Berthold (sp) Reservation. This brings bussiness into the small reservation communities. Some of the wells have been drilled in reservation land, but I don't know how the royalties work out.
Suplicate, why wouldn't you call it "horizontal drilling"?
https://www.dmr.nd.gov/ndgs/Newsletter/NL0308/pdfs/Parshall.pdf
I doubt that there is much in SD other then the NW corner. Because of this, the reservations mentioned above won't see much of any effect except for maybe piplines. However, the Parshall Field does border the Fort Berthold (sp) Reservation. This brings bussiness into the small reservation communities. Some of the wells have been drilled in reservation land, but I don't know how the royalties work out.
Suplicate, why wouldn't you call it "horizontal drilling"?
Bingo!!!
