RE:RE:game changer...Goaweigh wrote: Finally something we can agree on.
As you are a seasoned Pro can you please share with us what you think are the chances of this well being more oil than gas or the orther way around.
I thought Shell discovered gas here in the 50's but gas had no value back then so we are just duplicating what they had done already.
I also thought they discovered gas relatively shallow and I wonder why they did push forward and drill deeper looking for Oil. Were wells beyond 6,000 feet not that common in the 50's ?
And finally on a geological question, could we have a large gas cap in a higher formation with a large oil pool in a formation deeper down, could we hit both in one hole ?
Wildcattter wrote: when they annouce an oil find... then the eyes of the world take notice. say what you want about taxes and costs and revenues and net backs... oil is the biggest commodity in the world and while TXP is do gang busters with this gas... when it is producing 10,000 bopd and then 20,000 bopd... t
a game changer
bring on my oil well..
Isn't a large oil pool below a huge gas cap our blue sky scenario in Chinook ? At least that's what I have thought and hoped for all along, well at least since we discovered all that gas present in Casca next door that is.
Oil and natgas just different forms of the same hydrocarbon molecules with slight additions depending on which type we are talking of, right ?
Any petrophysicist here to correct me on this ?
First a source rock, and depending on the overlaying geological layers the hydrocarbons will have transformed into the different forms and shapes they may take on throughout time and pressure and depending on the local traps and seals which one of the different forms been held fixed in place and which ones have been able to escape up and out through the layers above and into the troposphere ?