Can oilfield keep going?? FYI:

They need a better rated tank for fire protection,the ones they use now a not safe to transport the ND crude.

 

$100k I think is for the upgrade to be compliant with some safety issue, I heard the other day the cars are about $350k a year to lease.

 

Yeah I was going to say its almost 100k for a 200 bbl crude tanker for a semi no way a rail car is that cheap!

 

I don't know; but after what I saw going down near Laredo today It makes me wonder. ie Border Patrol Units everywhere; Fence's high enough to stop the battle of the bulge; Gun toting Security at gated check in just to get on the access road. This is a very light statement I just made; I want go in to what your suppose to do if a group of lets say people try to stop you on the access road while your back on the ranch. LMAO!

 

Yeah Warren Buffett is a smart dude.

 

The oil business will go on and on...that said, transporation jobs come and They drill, they need the oil and water hauled out...until the pipelines catch up that is...then the hauling of the oil and water drops to zero. It's the same thing that happened in the oil boom of the late 70's early 80's. The oil continued to flow but my job went the way of the dodo bird rather quickly.

 

well i know they are predicting a least 12 more years off boom in the eagle ford field in south texas, and the midland, odessa fields are strong as is north dakota and pennsylvania. just depends on what you do as to how long it will last

 

Pennsylvania already crashed, due to market forces.... no place to sell the gas.

Drilling has been cut in half, from 110 rigs to 53 rigs, as the price of natural gas went from $13 per mbtu to a low of $2 per mbtu. Pennsylvania is mainly a dry gas play. Major players have already pulled out of the state, and are focusing their money and efforts on other locations.

The oil fields are very cyclical... and change very quickly with very little warning. So long as a person is willing to move and follow the work, the work will be there.

North Dakota has discovered a problem they were not expecting, just how quickly these new horizontal wells fall off. Production from wells bored into these formations declines by 60 percent to 70 percent in the first year alone, says Allen Gilmer, chairman and chief executive officer of Drillinginfo, which tracks the performance of U.S. wells. Traditional wells take two years to slide 50 percent to 55 percent, and they can keep pumping for 20 years or more.

So for now, for north dakota to continue to produce more oil, they have to drill more wells just to stay ahead of the fall off. Good for truck drivers.

I know of wells here in Wyoming that have went from 1200 barrels a day to 20 barrels a day in just 18 months.