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Sneak, Mcf = 1,000 cubic feet and MMcf = 1,000,000 cubic feet
Thanks Mark.
I guess so.
Yes, reporters/journalists OFTEN make stuff up or completely get a story wrong. I have seen it too many times to make me believe that 4 off-shore wells were drilled in secret. Too many people involved for information not to leak out. IMO
Wow, never heard that! Who in their right mind would think it would be a good idea to nuke a well? Better yet, WHO thought it was a good enough idea to allow it?
I've met Okies just about everywhere I've been, but this is the first time on the internet!!
Equity, sorry for your loss. That's probably good advise for us all, both on and off the board.
I confess, I had to look that one up!! That question passed my smarts. :)
A standard set to stop the confusion of different size wooden bbls. It was said that if they bought 40 gallons, they would get 2 free. This happened by a group in W. Virginia.
Hint: blue was a standard color.
Close, but not quite.
Bonus question: WHO painted them blue?
I KNOW!!!
Exactly. If you don't like it, don't read it. IMO.
This got deleted somehow, so here it is again.
I'll be around and will contribute anything of value if I can. I am just not going to waste any more time trying to reason with someone that just likes to see their name on as many posts as possible to let them feel good about themselves.
Experience gained from working on, building, owning and operating drilling rigs as well as oil & gas wells has served as a far greater education for me than some of these guys becoming so-called "experts" by spending time daily on Google learning how to drill. Do I know everything? No. But I won't come on here and demand that I do either....
If real world experience equates to a lack of common sense, then I guess it's true what they say "You can't fix stupid". I'll go back to making money in this business and leave you guys following midtier around. Be careful about getting too close, it gets dark up there!!
Midtier, nobody disagrees with you that it takes ALL of the information as a whole to get a full scope of any discovery. However, please keep in mind that a lot of people on this board are not in this industry like we are, so giving the impression that it takes a VERY long time to get those results is giving them fear that they do not need to have. They have results from these wells and are now drilling additional holes. IMO dad is right when he says that they are linked electronically to the home office while drilling and evaluating everything in real-time, that's the beauty of living in the computer age. Once they reach TD on the new wells, they should immediately know the approximate scope of the field as that would give them ample data to compare to seismic. This is looking at a timeframe of weeks from now, which is not very long.
BTW, on-shore or off does not matter, profit does. A large find in a single well off-shore can be profitable.
Yes, that was my point. Not to determine if THAT well is viable.
WTF?!! You do not need to "recalibrate seismic data" to know what you just drilled, touched, smelled, tasted, logged, etc. Knowing this information upon completing the logging is what lets us know if we set pipe on the samples we just tested while drilling or plug and abandon it. You would recalibrate seismic data AFTER the fact of knowing what you have to help determine the extent (in acreage) of the discovery, which would be later verified by additional drilling.
I've drilled wells for myself and for clients and never once heard of shutting down all operations after drilling a well to see if seismic data would tell us if it was going to make a well. Always on-site and immediate, period.
Knight,
I can't speak for Pup, but if you knew how much REAL experience Kownski has, you would NOT be talking to him like he is a worm. That's a "newbie" for you oilfield illiterate.
Hey guys, my dad (Kownski/John) asked me to overlay these two graphics and post it. I own a few shares and have read the board for quite a while, but have not signed up to post until now. Mostly because I'm of no value off-shore, my experience is land-based only. I lined up the block lines as much as possible, but you can see it is still a little off.
Hope this is helpful.