News Focus
News Focus

es1

Followers 153
Posts 16535
Boards Moderated 0
Alias Born 07/13/2009

es1

Re: program-4-you post# 54507

Thursday, 10/08/2009 7:43:35 PM

Thursday, October 08, 2009 7:43:35 PM

Post# of 111730
Didnt see it as a daily consumption but you are right about that. It would need to be about 60 times the size of that one field. I would still be willing to bet that they have way more land then that filled with dead wells and a PBR never dies.
Best comparison that I can give you without a crapload of math would be

US crude-oil production capacity, about 5 million barrels per day, is accomplished with about 510,000 oil wells, averaging 10.5 barrels per well per dayhttp://www.gravmag.com/production.shtml

A 10 acre PBR will produce the same as an average oil well at (guessing) 1\10 the cost.

No matter how you twist the numbers this is money in the bank
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y