This is Hilcorp's Mahoning Buckner well in Lawrence county, Pa, Sunday night. They first day they started flaring, Friday, it was pretty weak. It got a little stronger Saturday, and by Sunday night it seemed fairly strong. The next day, Monday, the flame was out and the flare stack was disassembled. Seems kind of quick. Does this give any indication about the strength of this well?
The only other well I've seen flared, Shell's Little Beaver Patterson, seemed to go on much longer.
Thanks Much - Z
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@Joseph-Ohio
“I have to say however it really amplifies and illustrates (to me anyway) the lack of co-operation / communication between counterparts within the industry and government.”
To the contrary, if one looks logically at the situation, it rather highlights the fading, already paper-thin line between government and industry. It seems nearly every day, that laws are passed which favor corporate interests over the good of the collective.
However, I don’t think that the situation in Texas applies itself to the Appalachian shale boom, since the gas is the main objective, though I do see a parallel here in WV:
Articles §22C-9-3&4 of HB 2688, aka ‘the forced pooling bill’ expand the WV Oil and Gas Conservation Commission, our version of the Texas Railroad Commission , in both membership and in power.
However, the powers that should be extended to members of the commission, in order to regulate the industry and limit waste, are, instead, expressly denied them:
§22C-9-3. Application of article; exclusions.
(c) The provisions of this article shall not be construed to grant to the commissioner or the commission authority or power to:
(1) Limit production or output, or prorate production of any oil or gas well...
§22C-9-4. Oil and gas conservation commissioner and commission; commission membership; qualifications of members; terms of members; vacancies on commission; meetings; compensation and expenses; appointment and qualifications of commissioner; general powers and duties.
(f) Without limiting the commission’s general authority, the commission shall have has specific authority to:
(1) Regulate the spacing of deep wells other than horizontal wells;
Given that the membership will be largely an assembly of industry insiders, this legislation will further serve to unleash the developers to re-create the days of Spindletop, when the drinking water needed to quench the thirst of the roughnecks was worth more than the oil that they were producing.
We're on the same page there.
To the globalists, there is no domestic economy.
All of which supports the need for industry regulation, from the standpoint of local interests.
However, based on discussions here, most owners and politicians seem to still be riding the 'Drill, baby, drill' train, and hoping for bad weather.
With new wells coming on-line every day, and no end, or even a real slow-down in sight, it seems to me that supply will be over-running demand for years to come. The road to an operating cracker is a long one, with no real progress to speak of.
New pipelines are also being filled as soon as they are ready (or before, as we learned in Brooke Co.).
The world can only use so much energy. Critical mass is a reality, and I, for one, don't see a reason to think that prices are going to rise significantly. I think most owners realize this at some level, and just want their slice of the pie before its gone; it's just that no one seems to want to admit it.
With the industry also unwilling to excercise restraint due to a responsibility to short-sighted investors who only looked at supply, and the Arab oil shenanigans, I fear that a bigger correction than we are seeing now may be in our future.
While it's easy to dream big, and some new shaleionares have been created, the best days may well be behind us. Like it or not, the rest of us may have to learn to be satisfied with just a nice little supplemental income.
The gas is only a by-product in Texas.
(Who needs gas in a desert?)
We shouldn't expect an industry that defines 'waste' as what is left in the ground, and 'conservation' as squeezing everything down there out of it, to be concerned with anything but the bottom line.
As to the 'wet gas' issue, I am unclear as to whether we are talking about water, or NGL's. It seems to me that it must be water, which, as I understand it, has to be burned off, as it is a dealbreaker for pipelines and processing plants. If it were NGL's, it seems that it could be separated at the wellhead and trucked away, as they are doing in my neighborhood.
Agree!
Also Agree !
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