Eagleford Shale in Texas

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So when this this shale supposed to boom? heard possible soon. What do you guys think
Reply:being from queens and only a shop guy i'm too busy polishing my nails and drinking green tea to tell you what i thinki.u.o.e. # 15queens, ny and sunny fla
Reply:Well if the Marcellus shale in PA is any kind of indicator, don't hold your breath. Natl Gas prices are way down and so is drilling-big time. The number of drilling permits in PA has dropped significantly this past year as there is no current market for the gas. As a result lot of guys laid off and a lot of rigs sitting idle. Ancillary business like frack sand haulage is way down too as a result. Haven't heard of anyone being offered a lease in a long time.
Reply:Originally Posted by docwelderbeing from queens and only a shop guy i'm too busy polishing my nails and drinking green tea to tell you what i think
Reply:As long as he doesn't ask to borrow your blue dress!! MM200 w/Spoolmatic 1Syncrowave 180SDBobcat 225G Plus - LP/NGMUTT Suitcase WirefeederWC-1S/Spoolmatic 1HF-251D-1PakMaster 100XL '68 Red Face Code #6633 projectStar Jet 21-110Save Second Base!
Reply:Which one? I'm fat, so they'll prolly fit him. He is pretty burly for some tea drinking, nail polishing sissy from Queens tho.. Expert Garage Hack....https://www.facebook.com/steven.webber.948
Reply:oh you guy's!i.u.o.e. # 15queens, ny and sunny fla
Reply:Originally Posted by 7A749Which one?
Reply:Nat gas market has been depressed for over a year and oil has fallen from 100.00+ to about 25.00 a barrel now.   Fracking shale is on the back burner IMO. FWIW....the Saudi's are in big, big trouble now since ISIS is knocking on their door and the world is awash in cheap oil. With the Saudi economy having only one product...Oil...They are in serious trouble. Their whole economy is based on government payouts and subsidies to the masses with oil money as the source of the subsidies. If this continues...I would not be surprised to see unrest or even a civil war in Saudi Arabia next.
Reply:Originally Posted by duaneb55The one with sparkles.  I like that one.
Reply:Originally Posted by docwelderoh you guy's!
Reply:Kid, you better stay in school and take some economics classes.  Rule #1, follow the money!  With $33 oil, the oil patch doesn't have any.  With $3.00 corn, the farmer doesn't have any.  With fat cattle losing $200/head, the cowboy won't have any very long.So right now the best money is big city construction.  Maybe you better apologize to Doc and see what kind of bead you can run 400' above the street.  I'll be rooting for you down on the coward level.
Reply:Thought about something outside the petrochemical sector? It's weird, I know, but we're going to run out of oil sooner or later.Currently working as a Paralegal, but still interested in hobby welding.Miller Bobcat 225ntOne- Character Fractions: ¼ ½ ¾ ⅛ ⅜ ⅝ ⅞
Reply:Originally Posted by teh603Thought about something outside the petrochemical sector? It's weird, I know, but we're going to run out of oil sooner or later.
Reply:At least put your fractions in proper order. ⅛ ¼ ⅜ ½ ⅝ ¾ ⅞MM200 w/Spoolmatic 1Syncrowave 180SDBobcat 225G Plus - LP/NGMUTT Suitcase WirefeederWC-1S/Spoolmatic 1HF-251D-1PakMaster 100XL '68 Red Face Code #6633 projectStar Jet 21-110Save Second Base!
Reply:Originally Posted by Cowboy97not really ha, but some of the old timers i talked to said when theres a real low bust (i.e. NOW) there will be a huge boom follow not too long after. Most all of em say they expect it to be back up to satisfactory by May but be another year till it gets to growing again
Reply:When I get my Magnagas plant up and runnin,,,,,,,,,,, ya'll gonna be working for me shoveling chit into the magic conversion chamber. Won't need no dayem "natural" gas. "The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life." -Theodore Roosevelt
Reply:Originally Posted by Cowboy97So when this this shale supposed to boom? heard possible soon. What do you guys think
Reply:Originally Posted by Tim9Nat gas market has been depressed for over a year and oil has fallen from 100.00+ to about 25.00 a barrel now.   Fracking shale is on the back burner IMO. FWIW....the Saudi's are in big, big trouble now since ISIS is knocking on their door and the world is awash in cheap oil. With the Saudi economy having only one product...Oil...They are in serious trouble. Their whole economy is based on government payouts and subsidies to the masses with oil money as the source of the subsidies. If this continues...I would not be surprised to see unrest or even a civil war in Saudi Arabia next.
Reply:By the sounds of this the real money may be in acrylic nails and dresses .... maybe the cross dressers will buy oil based nail polish and push the industry. As for the old timers its always easy for them to sit around with nothing to do and speculate the future.Located In SE OklahomaLincoln Mig 135Hobart Ironman 230 Mig5x10 CNC Table with DTHC & FTHypertherm PM65 on the tableMiller Bobcatwww.caneyagequipment.com
Reply:Originally Posted by blueriverBy the sounds of this the real money may be in acrylic nails and dresses .... maybe the cross dressers will buy oil based nail polish and push the industry. As for the old timers its always easy for them to sit around with nothing to do and speculate the future.
Reply:Originally Posted by duaneb55At least put your fractions in proper order. ⅛ ¼ ⅜ ½ ⅝ ¾ ⅞
Reply:Originally Posted by A_DAB_will_doTim, I'd agree with you except for something I read on Friday.  The Saudis are considering selling stock in Aramco, their state-owned oil company.  The article said that they could sell as little as 5% of the value of the company in stock and that this would bring in enough money to pay for all of their country's budget for the next two years.  This would in turn let them continue pumping oil as fast as they can and further depress the price of a barrel of oil.  From what I've read the Saudis can break even on their oil reserves with the price at $15 per barrel.  this will let them pacify the bulk of the Saudi citizenry and drive the Russians/Frackers/OPEC/whoever into bankruptcy.  I'm not sure what their ultimate goal is for driving up production in the face of falling oil prices.  But it's clear to me that they control enough oil reserves and have the lowest cost of production of anyone else in the world.If they sell stock in Aramco; they can call the shots.  As long as the Saudis and America remain allied and we prevent anyone from invading SA or disrupting their oil production....
Reply:This hit the wires today:Half of US shale drillers may go bankruptHalf of U.S. shale oil producers could go bankrupt before the crude market reaches equilibrium, Fadel Gheit, said Monday.The senior oil and gas analyst at Oppenheimer & Co. said the "new normal oil price" could be 50 to 100 percent above current levels. He ultimately sees crude prices stabilizing near $60, but it could be more than two years before that happens.By then it will be too late for many marginal U.S. drillers, who must drill into and break up shale rock to release oil and gas through a process called hydraulic fracturing. Fracking is significantly more expensive than extracting oil from conventional wells."Half of the current producers have no legitimate right to be in a business where the price forecast even in a recovery is going to be between, say, $50, $60. They need $70 oil to survive," he told CNBC's "Power Lunch."At current oil prices, companies both large and small — including ExxonMobil and Chevron — will have to think twice about their dividend, Gheit added. Oil majors have so far resisted pressure to cut dividends.U.S. crude fell to a fresh 12-year low below $31 on Monday, while Brent declined to the lowest level since April 2004. On Monday, Morgan Stanley joined Goldman Sachs in saying oil could fall as low as $20 a barrel.Such a drop would be brief because supply and demand are beginning to come into balance, John LaForge, co-head of real assets at Wells Fargo, told "Power Lunch" on Monday. Once oil bottoms, it takes an average of two months for energy stocks to bottom, he said.But a number of producers would enter bankruptcy even with crude near $30 per barrel, he added, noting that roughly 25 percent of exploration and production companies went bankrupt after the oil bust of 1986.The S&P 500 energy sector ended 2015 down 24 percent. Fourth-quarter earnings for the category are expected to decline nearly 70 percent year over year, according to S&P Capital IQ.U.S. drillers are now spending more than they are making from operations, a situation that Gheit said is unsustainable and will eventually force prices higher."The oil industry needs a minimum amount of investment to keep oil supply in line with demand," he said. "Even if the demand in China is not as strong as we thought ... the current investment right now would not be sufficient enough to bring additional production to meet global demand."Oil prices have fallen about 70 percent from their highs in the summer of 2014. The rout accelerated after OPEC, led by top oil exporter Saudi Arabia, declined to enforce production cuts among members of the cartel, a strategy that has supported crude prices in the past.Gheit said he believes the Saudis will not allow prices to recover until they "take care" of U.S. shale producers, who have contributed to global oversupply as American production has more than doubled since 2008.The Saudis are also looking to settle the score with Russia and Iran, both of whom are on opposite sides of regional conflicts and are dependent on oil revenues, Gheit said.-Chris
Reply:There are plenty of openings in DODhttps://www.usajobs.gov/Search?keywo...&search=SearchIf you can't beat em, join em. I sayOriginally Posted by justin1098There are plenty of openings in DODhttps://www.usajobs.gov/Search?keywo...&search=SearchIf you can't beat em, join em. I say