Cline shale next tight oil play in the Permian basin?

NewWest9.com:
The energy industry's buzz over Cline shale is getting louder. The formation has the potential to make a huge impact on the Permian Basin. It span from Midland to Big Spring and from Lubbock down to Big Lake. 
Midland Geologist Gary Dawson has studied the Cline shale for years. "It's kind of the perfect shale. It's got all the ingredients that you need to have," he tells us. Dawson says the shale is jet black and brittle. It creates and retains vast quantities of oil and natural gas.

...

Midland Energy Industry Expert Morris Burns tells us, "This is a huge shale formation and only in the last 15 to 20 years have we been able to get oil and gas out of it. The Wolfberry shale has increased the Permian basin's production by about 25 to 30 percent in the last few years. The Cline shale has the potential to increase it by another 50 to 60 percent."
... 
Laredo Petroleum is already active in the Cline shale and the Wolfcamp formation.   The company believes the formation may compare with the Eagle  Ford and Bakken formation in terms of production potential.  One way to judge the activity is the unemployment rate in the area is one of the smallest in the US and fast food places are having to pay premium dollars to get staff.  A few years ago it was hard to give away a house in the area and now they are in short supply and companies are having to create temporary housing for crews.

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t
Read more

Bin Laden's concern about Zarqawi's remains

James Robbins: ... Bin Laden suggests that President Bush should allow Zarqawi’s body to be returned to his family in Jordan, but this is a matter that is up to the Jordanian government, which so far has not shown much interest in facilitating a homecoming. Bin Laden mocks King Abdullah II, calling him a Coalition minion, and asking “w hat scares you about Abu Musab after he’s dead? You know that his funeral, if allowed to happen, would be a huge funeral showing the extent of sympathy with the mujahedin.” A large crowd would definitely turn out, though most people would be on hand to demonstrate their anger and disgust. Last November’s hotel bombings in Amman , masterminded by Zarqawi, are still fresh in people’s memory, and mentioning them to Jordanians has the same visceral impact as memory of the 9/11 attacks does here. Jordan has adopted a zero-tolerance policy towards those who choose to mourn the country’s least favorite son, and four opposition members of parliament who paid con
Read more