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Oil boom is here to stay

May 2, 2013

North Dakota’s oil boom doesn’t appear to be ending anytime soon. The U.S....

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(26)

EarlyBird

May-02-13 5:39 AM

The only problem is the oil they are now pumping took millions of years to migrate to it's current recoverable state. We are pumping it out of the ground very much faster than it can migrate to form oil laden zones such as we have now. The old vertical wells produced many many less barrels a day of oil compared to horizontal wells we now are using so it is just common sense they will not produce for even close to as many years as the old vertical wells do. There may be drilling for many more years but the oil production does fall off rather quickly with the recovery we now have. The young people of today will see western ND return to it's former remote farm and ranch land except without oil to sell. The oil companies know the oil eventually runs out and choose to rent the oil well sites instead of buy them so they don't end up owning thousands of tiny little acreages scattered about. The worst part is how the oil migrates through the dolomite and sands and makes it possible to extract

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EarlyBird

May-02-13 5:48 AM

Oil from great distances to a well head. I think the drilling needs to slow down to let the infrastructure catch up and also capture all the gas that is being flared off, it's just to much to loose the way it's being permitted now. Money is nice but this oil is a one time deal like winning the lottery so we need to be way more careful of how fast we produce and use this very very slowly renewed resource. And my same old question... how much oil does the School Trust Lands produce each month? We deserve to know exactly how much oil our state is producing off state owned lands. State land is not private land like it is being treated as now.

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muleskinner

May-02-13 8:43 AM

At a million barrels per day production and 3.6 billion barrels recoverable, it will take 10 years to pump out all of the oil that is believed to be recoverable. Minus that which has been pumped the last 5 years, the end of the oil boom is less about 10 years away if only 3.6 billion barrels are recoverable.

Just a little math tells a different story.

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EarlyBird

May-02-13 9:52 AM

Thanks veritas.. The state has built their own gallows and added a timed trap door.

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locomotive

May-02-13 12:02 PM

I liked your post, Veritas, especially about the farmers and their patience.

Thought-provoking stuff, this oil booming...

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locomotive

May-02-13 12:02 PM

EB, your posts were good too.

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centerfield

May-02-13 12:32 PM

Veritas, good post. ND will pay dearly down the road although depending on technology changes, the time frame is in doubt. I deal with many in the patch and some that have been there for years. They say that we are only getting to 5-10% of what is there. They also say that as technology improves, the recoverable oil could triple or more. I guess that science will tell us when.

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WorriedAmerican

May-02-13 1:10 PM

It will also take millions and millions of gallons of water and tons and tons of sand to bring this oil to the surface. We are already starting to hear problems in Minn. & Wisc. with the mining of those sands needed for the fracking.

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billldoesntgetit

May-02-13 2:51 PM

For some on here the glass is half full and for others in here the glass is half empty..

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puppydog

May-02-13 8:16 PM

We all seem to be in agreement of how disastrous this is to our state.It is truly sad for the future generations who will miss out on what it was when we grew up. Simple clean and honest. What happened? It started as small farms, wind , solar ,a small push for organic growing? Might have been a better long term option?

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billldoesntgetit

May-02-13 9:58 PM

puppydog They will miss a lot more then what has happened to our state.

They won't live in a time where a man was a man and a women was a women and a marriage was between two of the opposite sex.

They won't live n a time where pride ruled and people worked for a living and supported their families.

They won't live n a time where Marriage was the thing to do before you slept with a person.

They won't live in the time where if you were hungry you got a job you didn't go down to the welfare office and beg for free money and food stamps.

Our children are seeing a destructive Government take give away all we have worked the past 200 years for.

There is no shame anymore Everyone brags about getting everything free and kids brag about losing their virginity before they are 15 years old.

The Oil did not cause the changes our kids will never see.

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puppydog

May-02-13 10:02 PM

Bdgit you have no idea what were talking about.

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billldoesntgetit

May-02-13 11:26 PM

It is truly sad for the future generations who will miss out on what it was when we grew up. Simple clean and honest..

North Dakota is not simple clean and honest in any way shape or form anymore..

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pslater

May-03-13 12:39 AM

Great prospect! We'll be dying of thirst while drowning in oil - as long as there is money to be made.

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MarkHighwater

May-03-13 6:01 AM

Yes indeed Corporate America will gladly take ND to the cleaners without regard to the long term status of the people or the land...fossil fuel is not the future,and the sooner the oil runs out the better....fossil fuels would already be extinct it it were not such a profitable product for CA...Socialism for the rich...Capitalism for the rest! ! !

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EarlyBird

May-03-13 7:53 AM

puppydog... when the oil runs out and all the iron is sold for scrap the western part of the state will be back to where it was 10 years ago. Oil is not permanent.

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EarlyBird

May-03-13 7:55 AM

billy.. not everyone has tossed in the towel on decency, it cost extra to be honest but it is worth it to live with a clear conscious. Now days the truth will get you two places.. heaven and jail.

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Missy1

May-03-13 11:20 AM

I for one am not upset about this news. I don't believe that the oil is a bad, bad, thing for North Dakota. I for one will enjoy all it has to offer.

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icart68

May-03-13 4:07 PM

Jeez Missy...two weeks ago you were complaining about all the "TAKERS" with the legacy fund, and now...."I for one will enjoy all it has to offer."

Sounds like your ready to belly up to the bar and take a BIG pull off that gov. "teet" you've been b**chin about!!!

Can you say "hypocrisy"????

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locomotive

May-03-13 5:12 PM

Missy said she'd enjoy what the oil is bringing, not what the gov't can bring her.

Right, Missy?

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Missy1

May-03-13 11:01 PM

icart, what teet? I have land, but don't one penny from the government. You only accuse. I live in the dirt and dust and traffic. So until you accusors tell me what I am taking, I can prove you Dead Wrong. I am 58. No reason to take from the government. I make my own way. Thanks to the oil industry.

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Missy1

May-03-13 11:26 PM

Icart, sounds to me that you are up belly up to the Bar, and telling people your woes.

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billldoesntgetit

May-04-13 7:53 AM

And speaking of hypocrisy I bet ever liberal on here against oil drives a car..

If these bloggers were half the man they claimed to be they would ride bikes and not use any of that darn old oil..

Hey Guys real Libs ride bikes!!!

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puppydog

May-04-13 9:32 AM

Dustoff what is your fascination with willgarr your every comment is filled with frustration or is it admiration. My clinical advise this has become a dangerous obsession. Move on,get over him or under him.

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billldoesntgetit

May-04-13 10:47 PM

Yes Will tell us all how many times you have been married..

And thanks to the Republican leadership in North Dakota and Texas the drilling will continue,.. Ovommmit Can't get his hands on the button to shut us down.. Ovaomit is a loser

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