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megimoo
06-13-2011, 07:40 AM
LOVING COUNTY — One of Texas’ oldest oil-producing regions is undergoing a rebirth — again.

But unlike past booms, the latest surge in activity in the storied Permian Basin is being driven by more than just high oil prices

Consider the Bone Spring formation, west of Midland. On a recent day, Anadarko Petroleum Corp. was drilling a well in a deep and complex field that would have been unthinkable a decade ago.

It will go two miles down, turn and then go another mile sideways, in pursuit of a narrow band of rock, dense as concrete, that has been clinging stubbornly to its oil for millions of years.

Wells like these are costly – Anadarko said its wells can run upward of $6 million apiece – but they are among the most prolific in West Texas in recent memory.

“We thought 1,000-barrel-per-day wells were a thing of the past out here,” said Bill Martinez, Anadarko’s business adviser for worldwide operations, standing at the foot of the Precision 303 drilling rig at a remote site 30 miles west of Kermit. But since The Woodlands-based oil company began drilling the north end of Bone Spring in 2009, it has seen them routinely.

Bone Spring is one of several emerging oil plays that are helping slow down years of declines in the state’s oil output, luring major producers back to the region and spawning the latest oil boom in West Texas.

They are part of a comebackfor the Permian Basin, a vast layer of Permian-era sedimentary rock underlying West Texas and southeastern New Mexico that has been pumping out huge volumes of crude since the 1920s and still produces one in five barrels of the nation’s oil.

“There always seems to be one more place where the oil is hiding,” said H. Scott Hamlin, research scientist associate at the University of Texas’ Bureau of Economic Geology.


http://fuelfix.com/blog/2011/06/12/high-oil-prices-drilling-technology-fuel-permian-basin-boom/

3rd-try
06-13-2011, 07:49 AM
''guess it's time for the F&W to find yet another endangered lizard or minnow to protect....

lacarnut
06-13-2011, 07:52 AM
We have plenty of oil in this country if only the liberal Env. freaks would get out of the way. Good paying jobs, a reduction of imports and a reduction in our balance of payments should be our goal. TX and other gulf coast states are doing their part.

Kay
06-13-2011, 09:16 PM
Yes you can definitely tell the boom is back on here in the Permian Basin.
All of the restaurants and retail stores have help wanted signs out - they
tend to lose all the good help to the high paying oil field jobs. Almost all
apartment complexes in town are at 100 % occupancy and you can't even
rent a small 1000 foot house on the bad side of town for less than $1200
a month. Good times....good times....:)

megimoo
06-13-2011, 10:12 PM
Yes you can definitely tell the boom is back on here in the Permian Basin.
All of the restaurants and retail stores have help wanted signs out - they
tend to lose all the good help to the high paying oil field jobs. Almost all
apartment complexes in town are at 100 % occupancy and you can't even
rent a small 1000 foot house on the bad side of town for less than $1200
a month. Good times....good times....:)
Don't tell the Obama's goon Czars in D.C ....They'll sick Holder's DOJ mob on you for doling well .

Starbuck
06-13-2011, 10:13 PM
Yes you can definitely tell the boom is back on here in the Permian Basin.
All of the restaurants and retail stores have help wanted signs out - they
tend to lose all the good help to the high paying oil field jobs. Almost all
apartment complexes in town are at 100 % occupancy and you can't even
rent a small 1000 foot house on the bad side of town for less than $1200
a month. Good times....good times....:)

I'm glad to hear that. I used to call on people in Midland, Odessa, Big Spring back in the late 90's, and I'm tellin' you it was sad! Oil field trash everywhere. And Big Spring - in addition to being UGLY - the worst.

Novaheart
06-13-2011, 10:46 PM
We have plenty of oil in this country if only the liberal Env. freaks would get out of the way. Good paying jobs, a reduction of imports and a reduction in our balance of payments should be our goal. TX and other gulf coast states are doing their part.

Liberals or Democrats might be the easiest to find or safest bet when looking for counterproductive environmental refusniks, but trust me that where there is salt water coastline there is resistance of all political persuasions.

Kay
06-13-2011, 11:20 PM
Don't tell the Obama's goon Czars in D.C ....They'll sick Holder's DOJ mob on you for doling well .

Exactly, why do you think we have Lizard-gate looming on the horizon.
Our unemployment rate in Midland is 4.4 % and Barry can't have that.
Here's another good article:

http://www.mywesttexas.com/top_stories/article_d041fb15-5f60-5146-9f46-42553c7df124.html



I'm glad to hear that. I used to call on people in Midland, Odessa, Big Spring back in the late 90's, and I'm tellin' you it was sad! Oil field trash everywhere. And Big Spring - in addition to being UGLY - the worst.

Sad, but rich. ;)

megimoo
06-13-2011, 11:38 PM
Exactly, why do you think we have Lizard-gate looming on the horizon.
Our unemployment rate in Midland is 4.4 % and Barry can't have that.
Here's another good article:

http://www.mywesttexas.com/top_stories/article_d041fb15-5f60-5146-9f46-42553c7df124.html




Sad, but rich. ;)
Our Great country is rearing to go .Once we dump this Obama critter and clear out the Progressive/Maoists in Congress we can start being America again.....

Kay
06-13-2011, 11:43 PM
Our Great country is rearing to go .Once we dump this Obama critter and clear out the Progressive/Maoists in Congress we can start being America again.....

It was refreshing to read your post above Megimoo.
I think that's pretty much the way a huge majority of the country feels.