Noble County, west of I77 Belle Valley area

Will there be any activity west of I77 anytime soon or is it dead.

Views: 2985

▶ Reply to This

Replies to This Discussion

Permalink Reply by Bob Shaw on May 21, 2015 at 1:54pm

Low oil prices and lack of  market delivery pipeline capacity have slowed activity dramatically, The pipelines will come online in 2018 and oil prices are slowly rising, crossing $60 today, up from a low of around $42. That is the optimistic perspective. On the other hand, the horizontal methods that are being fine tuned in the U.S. are being exported all over the world, and will likely result in additional oil production, which has a natural effect of lowering prices.  

Permalink Reply by jonathan M. on May 21, 2015 at 3:11pm
I think the geology has more to do with it than anything. The wells west of I-77 have been failures. Until they find a way to "crack the code" in the oil window there won't be much activity. Personally I think we're years away from that happening. But the low oil prices and lack of infrastructure certainly don't help either...
Permalink Reply by Joseph-Ohio on May 22, 2015 at 2:13am
I think they know how to get it if they want it - and if they want it they'll get it.

Asset management / market conditioning / market matching.

Also picking the lower hanging fruit 1st has a lot to do with it I think.

Good luck we need it.
Permalink Reply by G.H. on May 23, 2015 at 7:49am

I guess "they know how to get it" in the sense that they could get out a small portion of what is there if they wanted to.  But it is not cost-effective for them to develop right now with current techniques.  Costs too much for too little recovery.  Techniques will be refined and it will be figured out eventually.  Market conditions right now not helping.

Permalink Reply by Joseph-Ohio on May 23, 2015 at 8:32am
That's what I'm reading / that's what they tell us.

Also, I think they don't tell us everything.

I think they don't tell us alot.

Just sayin'.

Good luck to all of us.

J-O
Mike MurphyPermalink Reply by Mike Murphy on June 4, 2015 at 1:25am

Artex Oil Co., Noble County, Frec Nobl Brookfield A-3H, 31.6 million cubic feet
Consol Energy Inc., Noble County, Reserve Coal Properties Co. NBL19BHSU, 371.2 million cubic feet   Noble has alot of potential for the future just not in the core area where most activity is right now and the experimenting with waterless fracking is just started    And I say noble is in the oil window like Tusc. western carroll and stark counties where everything is on hold except where they are experimenting with waterless fracking 

Permalink Reply by jc smith on June 4, 2015 at 3:02pm

Thanks Mike

Mike MurphyPermalink Reply by Mike Murphy on June 4, 2015 at 4:58pm

Permalink Reply by Joseph-Ohio on June 4, 2015 at 5:06pm
Whose map is that one, Mike ?
Permalink Reply by Joseph-Ohio on June 5, 2015 at 10:53pm
BTW, to my way of understanding the language, there's only one sense of the words 'they know how to get it'. That is that 'they know how to get it'.

IMHO.
Permalink Reply by jc smith on June 9, 2015 at 4:16am

Thanks Joe

Permalink Reply by jc smith on June 14, 2015 at 1:06pm

Thanks Joe

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service