For the first time, the Saudi Oil Minister mentioned the impact of unconventional shale oil in their future planning.
http://www.reuters.com/article/2011/11/21/us-oil-new-aramco-idUSTRE...
The Saudi's are even going to do a couple of test unconventional wells of their own.
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Permalink Reply by craig on November 25, 2011 at 6:11pm Tight oil, I like the sound of that! It is a light crude which is good as well, maybe even great. We'll see.
As I read in another article at Reuters "Energy production is fueling America’s only economic boom and I don’t expect it to slow down."
Sounds like we need lots more infrastructure built in a timely fashion. Can you say even more jobs?
Hope the gov't doesn't slow our progress down too much.....yea right.
Let's hope some of that light crude is in our neck of the woods too Craig. Gotta be a nice royalty picker upper!
It just keeps getting better all the time it seems!
Jeff replied to Petroleum Attorney 1976's discussion 'FYI- Mineral Owners in the State of Ohio (Utica Shale area's)'
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