Not true...... Just many of the FACTS are ignored selectively.
Like......Quote:
"After extensive well preparation, rig up and endurance testing of our service provider's imported well testing equipment, which includes additional well control equipment, flare stacks, separation units, slick line unit, stimulation and storage equipment, we are ready to begin the highly anticipated testing and flow back of the MJ #1 well."
Thanks to JRyan for this rundown on the new equipment.
Flare Stack
Quote:
A gas flare, alternatively known as a flare stack, is a gas combustion device used in industrial plants such as petroleum refineries, chemical plants, natural gas processing plants as well as at oil or gas production sites having oil wells, gas wells, offshore oil and gas rigs and landfills.
In industrial plants such as petroleum refineries, petrochemical or other chemical plants, and natural gas processing plants, the main purpose of a flare stack is that of safety by protecting pressure vessels or pipes from over-pressuring due to unplanned operational upsets.
Separation Units
Quote:
The term separator in oilfield terminology designates a pressure vessel used for separating well fluids produced from oil and gas wells into gaseous and liquid components. A separator for petroleum production is a large vessel designed to separate production fluids into their constituent components of oil, gas and water. A separating vessel may be referred to in the following ways: Oil and gas separator, Separator, Stage separator, Trap, Knockout vessel (Knockout drum, knockout trap, water knockout, or liquid knockout), Flash chamber (flash vessel or flash trap), Expansion separator or expansion vessel, Scrubber (gas scrubber), Filter (gas filter). These separating vessels are normally used on a producing lease or platform near the wellhead, manifold, or tank battery to separate fluids produced from oil and gas wells into oil and gas or liquid and gas. An oil and gas separator generally includes the following essential components and features:
1. A vessel that includes (a) primary separation device and/or section, (b) secondary “gravity” settling (separating) section, (c) mist extractor to remove small liquid particles from the gas, (d) gas outlet, (e) liquid settling (separating) section to remove gas or vapor from oil (on a three-phase unit, this section also separates water from oil), (f) oil outlet, and (g) water outlet (three-phase unit).
2. Adequate volumetric liquid capacity to handle liquid surges (slugs) from the wells and/or flowlines.
3. Adequate vessel diameter and height or length to allow most of the liquid to separate from the gas so that the mist extractor will not be flooded.
4. A means of controlling an oil level in the separator, which usually includes a liquid-level controller and a diaphragm motor valve on the oil outlet.
5. A back pressure valve on the gas outlet to maintain a steady pressure in the vessel.
6. Pressure relief devices.
Separators work on the principle that the three components have different densities, which allows them to stratify when moving slowly with gas on top, water on the bottom and oil in the middle. Any solids such as sand will also settle in the bottom of the separator. The functions of oil and gas separators can be divided into the primary and secondary functions which will be discussed later on.
Slickline Unit
Quote:
Slickline refers to a single strand wire which is used to run tools into wellbore for several purposes. It is used in the oil and gas industry, but also describes that niche of the industry that involves using a slickline truck or doing a slickline job.
Slickline looks like a long, smooth, unbraided wire, often shiny, silver/chrome in appearance. It comes in varying lengths, according to the depth of wells in the area it is used (it can be ordered to specification) up to 35,000 feet in length. It is used to lower and raise downhole tools used in oil and gas well maintenance to the appropriate depth of the drilled well. In use and appearance it is connected by the drum it is spooled off of in the back of the slickline truck to the wireline sheave a round wheel grooved and sized to accept a specified line and positioned to redirect the line to another sheave that will allow the slickline to enter the wellbore.[1] Slickline is used to lower downhole tools into an oil or gas well to perform a specified maintenance job downhole. Downhole refers to the area in the pipe below surface, the pipe being either the casing cemented in the hole by the drilling rig (which keeps the drilled hole from caving in and pressure from the various oil or gas zones downhole from feeding into one another) or the tubing, a smaller diameter pipe hung inside the casing.
There is new equipment at the well RIGHT NOW. FACT.
THERE IS ABOUT 9% (last report) INSTITUTIONAL INVESTMENT. FACT.
There are a lot of FACTS presented here, to go along with questions and possibilities. But 99.9% is wishful thinking for anyone with short interest.
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