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Old 01-25-2014, 12:43 PM   #31
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Correction- rigzone says that horizontal drilling has been around since the 20's.

But the technique that is used mainly today- going down and then slipping, or turning sideways, has been around since the late 70's.
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Old 01-25-2014, 01:24 PM   #32
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Directional drilling has been around for years but it wasn't cost effective. It was primarily used off shore to drill multiple wells from one spot.
In the last 8 years or so it had become feasible and technology has really advanced.
We are currently drilling primarily oil wells in the Eagle Ford horizontally , some are almost 2 miles deep and have a 2 mile lateral section. They typically drill 3 to 4 wells from one pad which is very cost effective.
It's good to see natural gas start making a comeback. The gas market crashed in 2009 due to to much production. It has been around $2 per MCF for several years now. It closed at $5.18 yesterday . It becomes profitable to drill for gas at around $5 to $6 per MCF.
Since they started the Eagle Ford in 2010 most companies have been just flaring off (burning) the natural gas when they flow back the oil. The money was in the oil.
I've been in this oil patch for almost 20 years and have been through several booms and busts. Drill baby drill !
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Old 01-25-2014, 01:35 PM   #33
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Still remember seeing the fuel oil delivery man pulling the hose from the truck to the home delivery point though the snow.
I remember it as if it was yesterday.


Oh wait....


It WAS yesterday!
$700 bucks of Good Ole Number 2
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Old 01-25-2014, 01:46 PM   #34
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I remember it as if it was yesterday.


Oh wait....


It WAS yesterday!
$700 bucks of Good Ole Number 2
Yep - and it was no easy task getting rid of the old oil tank in the basement after it was no longer needed.

There were a lot of EPA regs regarding how the oil tank could be removed and discarded.
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Old 01-25-2014, 02:01 PM   #35
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Sawdust (Or. early to mid 60's)furnace did you ever see/use one?
And yes there was the coal (Copeland lumber) and oil fired ones wood stoves and fire places, today it is a pellet stove.
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Old 01-25-2014, 05:12 PM   #36
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just filled up one of my 7.5 gallon propane tanks in the rv park we are staying at this weekend. It was completely empty. cost was 30 dollars. hope this helps.
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Old 01-25-2014, 07:41 PM   #37
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It's still supply and demand. While there's some, there isn't a lot of storage for natural gas. Use goes up when the weather gets cold, they dip into their storage and then the price soars.
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Old 01-25-2014, 07:47 PM   #38
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just filled up one of my 7.5 gallon propane tanks in the rv park we are staying at this weekend. It was completely empty. cost was 30 dollars. hope this helps.
Haven't refill one lately,but $30 for 7.5 gallons doesn't seem too high to me considering all that's going on right now.
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Old 01-25-2014, 07:54 PM   #39
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I guess it depends on many things,including where you're from, but being raised in Upstate NY,the only times I remember seeing or hearing "butane" used was in describing those early portable torches and cigarette lighters.

And of course,we didn't use propane like it is in the South - heating oil was how the majority of homes were heated. Still remember seeing the fuel oil delivery man pulling the hose from the truck to the home delivery point though the snow.
Coinkydink...DH mentioned today that his grandfather used to drive one of those fuel oil trucks up in Long Island, NY. Did that until he retired. He was a licensed boat captain, his family owned a boat yard, and he drove for Park Avenue Fuel Oil.
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Old 01-25-2014, 08:07 PM   #40
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Coinkydink...DH mentioned today that his grandfather used to drive one of those fuel oil trucks up in Long Island, NY. Did that until he retired. He was a licensed boat captain, his family owned a boat yard, and he drove for Park Avenue Fuel Oil.
I'm guessing that grandfather didn't get along with the rest of the family

Those fuel oil trucks were a common sight around our area in the wintertime. One of the local ones sold and serviced furnaces,etc. in the summertime to keep things going. Their yard was next to the railroad tracks and you could watch them off-loading the oil from the tank cars into the trucks.
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