New oil reserve announced.

[Moonpie]

Drill baby drill!

The new shale oil and gas formation known as Wolfcamp, which is adjacent to the oil-rich Permian region in Texas, contains an estimated mean of 46.3 billion barrels of oil, 281 trillion cubic feet of natural gas and 20 billion barrels of natural gas liquids, according to the U.S. Geological Survey.

https://www.washingtonexaminer.com/...ks-early-zinke-announces-massive-new-oil-find

 

[TheEnglishman]

I heard on the radio that they were looking at building pipelines from the Permian region to the oil refineries around SE Houston. Even though the pipelines would cost $40b+, they would be more cost effective than using trucks to transport the oil.

All in all...good news for Texas

 

[vmax]

Wolfcamp has been known about for awhile.

 

[easy rider]

Grumble, grumble.

Good for business, bad for life here (Forking traffic!).

 

[Moonpie]

Boiled down, Wolfcamp capacity was doubled.

WOOT anyways!

More $ for Tejas.

 

[Vaquero]

 

[pronstar]

Interestingly, as of last week the US is a net oil exporter

Good to know we have our own needs covered if need be.
But I’d rather burn everyone else’s oil first.


Sent from my iPhone using Tapatalk Pro

 

[TxStetson]

Grumble, grumble.

Good for business, bad for life here (Forking traffic!).

That’s all east and south from Midland, so it shouldn’t be too bad for you. Stanton will get much worse, and Garden City, and Big Spring, and Sterling City.

 

[easy rider]

That’s all east and south from Midland, so it shouldn’t be too bad for you. Stanton will get much worse, and Garden City, and Big Spring, and Sterling City.

Like it wouldn't affect traffic here, suuuuure.

 

[sidebite252]

I’ve seen gridlock in Mentone & Orla. This infrastructure is about maxed out.

 

[Vaquero]

I’ve seen gridlock in Mentone & Orla. This infrastructure is about maxed out.

Beyond maxed out.
Overburdened.

 

[jetcycles]

I heard on the radio that they were looking at building pipelines from the Permian region to the oil refineries around SE Houston. Even though the pipelines would cost $40b+, they would be more cost effective than using trucks to transport the oil.

All in all...good news for Texas

In my experience, a crude oil transport truck moves about 175 barrels of oil. Contrast that with a 24” pipeline that can move in excess of 20,000 barrels per hour and you can imagine the line of trucks or rail cars that would be required to move the same volume of oil. I’m typing this from the largest (by volume) petrochemical products terminal on the planet, pipelines are definitely the way to go, even at a cost averaging a million dollars a mile. I don’t build pipelines, that million bucks a mile was a figure I heard from a big oil VP the last time we sat down and talked construction costs several years ago, so don’t shoot the messenger!


Sent from my iPhone using Tapatalk

 

[easy rider]

In my experience, a crude oil transport truck moves about 175 barrels of oil. Contrast that with a 24” pipeline that can move in excess of 20,000 barrels per hour and you can imagine the line of trucks or rail cars that would be required to move the same volume of oil. I’m typing this from the largest (by volume) petrochemical products terminal on the planet, pipelines are definitely the way to go, even at a cost averaging a million dollars a mile. I don’t build pipelines, that million bucks a mile was a figure I heard from a big oil VP the last time we sat down and talked construction costs several years ago, so don’t shoot the messenger!


Sent from my iPhone using Tapatalk

Many many millions in the ground around this area.

 

[ZX9RCAM]

In my experience, a crude oil transport truck moves about 175 barrels of oil. Contrast that with a 24” pipeline that can move in excess of 20,000 barrels per hour and you can imagine the line of trucks or rail cars that would be required to move the same volume of oil. I’m typing this from the largest (by volume) petrochemical products terminal on the planet, pipelines are definitely the way to go, even at a cost averaging a million dollars a mile. I don’t build pipelines, that million bucks a mile was a figure I heard from a big oil VP the last time we sat down and talked construction costs several years ago, so don’t shoot the messenger!


Sent from my iPhone using Tapatalk

If it was 1 million a mile several years ago, then it's more than that now...

 

[jetcycles]

Many many millions in the ground around this area.

I’m responsible for 50,000 miles of pipelines in 27 states. While that seems like a lot, and it is, most people have a hard time comprehending just how many pipelines run across this country. We still own and operate lines that have been in the ground since WWII, and there are some out there that are older than that. The history surrounding the construction of the Big Inch and Little Big Inch pipelines is impressive no matter what you do for a living. If you have the time, read about them.


Sent from my iPhone using Tapatalk

 

[easy rider]

I’m responsible for 50,000 miles of pipelines in 27 states. While that seems like a lot, and it is, most people have a hard time comprehending just how many pipelines run across this country. We still own and operate lines that have been in the ground since WWII, and there are some out there that are older than that. The history surrounding the construction of the Big Inch and Little Big Inch pipelines is impressive no matter what you do for a living. If you have the time, read about them.


Sent from my iPhone using Tapatalk

I teach welding and am well aware. If you count most all the liquids and gases are moved by piping in this country, it's staggering.

 

[TxStetson]

I’ve seen gridlock in Mentone & Orla. This infrastructure is about maxed out.

It’s always gridlock in Orla lately.

 

[TheEnglishman]

When all the protests were going on about the Keystone XL pipeline, I saw a map of the USA with all the oil and gas pipelines on it. It looked like someone has dropped an enormous bag of spaghetti noodles onto the map. Compared to road and rail, it's the most cost effective and safest way of transporting those extremely large volumes.

 

[easy rider]

It looked like someone has dropped an enormous bag of spaghetti noodles onto the map.

That's pretty much how I describe it to my students.

 

[jetcycles]

I teach welding and am well aware. If you count most all the liquids and gases are moved by piping in this country, it's staggering.

My father taught welding and pipe fitting at night at San Jacinto College through the 90’s, and finally retired from his part time teaching gig when he moved away from the area in the early 2000’s. I burned many welding rods growing up under his guidance. He started as a welders helper and now serves as a Senior VP for one of the largest petrochemical companies on the planet. The amount of sacrifice he made for the industry scared me away from the oilfield initially. I swore off petrochemical work until I took a summer job on a drilling rig...and I never took another class toward my degree after that. I regret not finishing school, but I plan to return as soon as my wife finishes her nursing degree. I’ve spent the past 18 years in the oil patch; offshore drilling rigs, then petrochemical distillation diagnostics all around the world, and now I serve as a Senior Measurement Specialist for one of the largest pipeline companies in the US. I have a genuine passion for this line of work, even though I feel that most Americans lack much appreciation for just how much the industry impacts their daily lives. I also feel that our consumption rates are irresponsible and unsustainable in the long term, but that’s another topic for another thread. This line of work has tried to kill me more than once, but I can’t imagine doing anything else.


Sent from my iPhone using Tapatalk