Il suicidio del fracking

[Amati75]

be' c'e' di tutto in questo forum da pervertiti a cyber cloni....ora si scopre che abbiamo anche De benedetti o Lapo elCan che scrivono-da milionari- in incognito...bene bene!
L'affare si ingrossa

Non so se ci siano De Benedetti o Lapo in incgnito, quello che SI SA e' che siete dei pataccari (COMPROVATI NEI FATTI... ) senza pari...

[animal]

questi sono fatti non pugnette caro ( si fa per dire) piazzista di piadine!

Demystifying the ‘Fracklog’



Number of uncompleted shale wells will drop as oil prices recover
©Reuters
Sometimes new words are useful additions to the language. Sometimes they can create confusion. “Fracklog” is the catchy neologism for the backlog of US shale wells that have been drilled but not yet brought into production.
More prosaically known as “drilled but uncompleted” or “waiting on completions”, these wells still need to be fracked and fitted with production equipment for the oil to flow.
Interest in the fracklog started picking up last month when EOG Resources, the largest US shale producer, said it would “intentionally delay” completing some of its wells.
Some analysts think this tactic, spread across the industry, will be significant later in the year. They argue that as soon as US crude prices recover a little, companies will start production from those uncompleted wells, bringing a rush of extra supply on to the market. This could stifle any recovery in prices.
There may be something in this argument. EOG expects to add about 85 uncompleted wells this year, while Anadarko Petroleum said recently it would drill but not complete 125 wells this year.
Apache said it would defer some completions, without giving a number, while Chesapeake Energy said it planned to build a “little bit of inventory” in uncompleted wells in the Eagle Ford shale.
For some producers, deferring completions makes sense. Completing a well can account for between a half and three-quarters of its total cost, so slowing completions is a quick way to start delivering the cuts in capital spending.
The contango in crude futures, with prices significantly higher for next year than for immediate sales, also creates an incentive to leave oil in the ground and extract it at a later date.
And with activity slowing sharply, the cost of completing wells could be lower later in the year, too, as the companies providing fracking and other services cut their rates.
However, it is still unclear just how widespread the practice of deferring completions really is.
The diversity of US shale producers makes it difficult to generalise about their strategies. Extrapolating from large, financially sound businesses such as EOG and Anadarko is particularly hazardous.
There are likely to be many shale producers, with debt payments to meet or loans to repay, that cannot afford the luxury of a fracklog. They may also have commitments with drilling contractors that mean there are limits on how quickly they can lay down rigs. If they have paid for the rigs already, they might as well use them.
125
Number of wells Anadarko Petroleum said it would drill but not complete this year

Indeed, other leading shale oil producers including Marathon Oil, Whiting Petroleum and Hess, have said they do not plan to defer completions at all.
The number of wells “waiting on completion services” has been rising sharply in North Dakota, home to the prolific Bakken shale formation. They have risen from an average of about 650 last October to 825 at the end of January.
Some of that increase may, however, be due to tighter regulations on flaring. In the fourth quarter of last year and again at the start of this year North Dakota cut the proportion of associated gas from oil wells that can be burnt off, forcing producers to work out other solutions.
Others may also be waiting for the cuts in North Dakota’s state taxes on oil production that will kick in once West Texas Intermediate crude has been below $55.09 for five consecutive months, a point that looks likely to be reached in May.
Wood Mackenzie, the consultancy, expects that across the US, the fracklog will actually be lower at the end of the year than its estimate of about 3,000 today
US exploration and production companies may be able to sustain their production this year, but only through intense efforts to improve productivity and cut costs. Expecting them to coast to growth on a cushion of drilled but uncompleted wells would be a mistake.
The Commodities Note is an online commentary on the industry from the Financial Times

Related Topics

• Shale Oil and Gas,
• United States of America,
• Oil

Copyright The Financial Times Limited 2015. You may share using our article tools.
Please don't cut articles from FT.com and redistribute by email or post to the web.

[animal]

a

[Amati75]

questi sono fatti non pugnette caro ( si fa per dire) piazzista di piadine!

Demystifying the ‘Fracklog’



Number of uncompleted shale wells will drop as oil prices recover
©Reuters
Sometimes new words are useful additions to the language. Sometimes they can create confusion. “Fracklog” is the catchy neologism for the backlog of US shale wells that have been drilled but not yet brought into production.

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More prosaically known as “drilled but uncompleted” or “waiting on completions”, these wells still need to be fracked and fitted with production equipment for the oil to flow.
Interest in the fracklog started picking up last month when EOG Resources, the largest US shale producer, said it would “intentionally delay” completing some of its wells.
Some analysts think this tactic, spread across the industry, will be significant later in the year. They argue that as soon as US crude prices recover a little, companies will start production from those uncompleted wells, bringing a rush of extra supply on to the market. This could stifle any recovery in prices.
There may be something in this argument. EOG expects to add about 85 uncompleted wells this year, while Anadarko Petroleum said recently it would drill but not complete 125 wells this year.
Apache said it would defer some completions, without giving a number, while Chesapeake Energy said it planned to build a “little bit of inventory” in uncompleted wells in the Eagle Ford shale.
For some producers, deferring completions makes sense. Completing a well can account for between a half and three-quarters of its total cost, so slowing completions is a quick way to start delivering the cuts in capital spending.
The contango in crude futures, with prices significantly higher for next year than for immediate sales, also creates an incentive to leave oil in the ground and extract it at a later date.
And with activity slowing sharply, the cost of completing wells could be lower later in the year, too, as the companies providing fracking and other services cut their rates.
However, it is still unclear just how widespread the practice of deferring completions really is.
The diversity of US shale producers makes it difficult to generalise about their strategies. Extrapolating from large, financially sound businesses such as EOG and Anadarko is particularly hazardous.
There are likely to be many shale producers, with debt payments to meet or loans to repay, that cannot afford the luxury of a fracklog. They may also have commitments with drilling contractors that mean there are limits on how quickly they can lay down rigs. If they have paid for the rigs already, they might as well use them.
125
Number of wells Anadarko Petroleum said it would drill but not complete this year

Indeed, other leading shale oil producers including Marathon Oil, Whiting Petroleum and Hess, have said they do not plan to defer completions at all.
The number of wells “waiting on completion services” has been rising sharply in North Dakota, home to the prolific Bakken shale formation. They have risen from an average of about 650 last October to 825 at the end of January.
Some of that increase may, however, be due to tighter regulations on flaring. In the fourth quarter of last year and again at the start of this year North Dakota cut the proportion of associated gas from oil wells that can be burnt off, forcing producers to work out other solutions.
Others may also be waiting for the cuts in North Dakota’s state taxes on oil production that will kick in once West Texas Intermediate crude has been below $55.09 for five consecutive months, a point that looks likely to be reached in May.
Wood Mackenzie, the consultancy, expects that across the US, the fracklog will actually be lower at the end of the year than its estimate of about 3,000 today
US exploration and production companies may be able to sustain their production this year, but only through intense efforts to improve productivity and cut costs. Expecting them to coast to growth on a cushion of drilled but uncompleted wells would be a mistake.
The Commodities Note is an online commentary on the industry from the Financial Times

Related Topics

• Shale Oil and Gas,
• United States of America,
• Oil

Copyright The Financial Times Limited 2015. You may share using our article tools.
Please don't cut articles from FT.com and redistribute by email or post to the web.

• Share

• Print
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Si dimentica SEMPRE di mettere il link.. e la data degl iarticoli... ostia lei.. si crede pure furbo...

E' un articolo di MARZO (19 Marzo)... nei fatti GIA' smentito.. non vi e' nulla di "mistificato".. quando il prezzo del greggio ha avuto un rimbalzo, cosi e' stato anche per l' utilizzazione del "fracklog":

http://www.ft.com/cms/s/0/60c41a9e-c...#axzz3uasfBTcy

Cosi come... questo:

"And with activity slowing sharply, the cost of completing wells could be lower later in the year, too, as the companies providing fracking and other services cut their rates."

E' appunto ACCADUTO.. come appunto.. da articoli di questi giorni... ovvero. .la diminuzione di costi.....

Altro:

"Wood Mackenzie, the consultancy, expects that across the US, the fracklog will actually be lower at the end of the year than its estimate of about 3,000 today"

Vediamo, all epoca (un mese dopo l' articolo di Marzo da lei quotato del FT), il Fracklog si stimava nell' equivalente di 322 mila barili di petrolio

U.S. Shale Fracklog Triples as Drillers Keep Oil From Market - Bloomberg Business

ORA:

Dall ' articolo del FT portato ieri:

And then there’s the “the “fracklog” of drilled-but-uncompleted wells” that could add 400,000 barrels per day to production within six months.
https://forum.termometropolitico.it/...l#post15024486

Quindi passati dai 322 mila di fine Aprile ai 400 mila del presente, quando l' articolo di Aprile indicava che dovrebbero essere... calati... non sono calati, sono aumentati, appunto, in attesa di prezzi migliori.




"US exploration and production companies may be able to sustain their production this year, but only through intense efforts to improve productivity and cut costs."

Cosa che appunto HANNO FATTO, sempre come indicato anche dall' articolo di ieri del FT (che ovviamente lei deve ritenere affidabile, visto che lo ha quotato):

""However, North Dakota shale production rose month-on-month in November even though only 43 new wells were completed, notes Citi. Normally about 120 are needed to keep production flat, which suggests shale producers are managing to do more with less.And, crucially, production costs are plunging, meaning shale producers are becoming more resilient to lower prices.

Citi estimates capital costs for US shale producers will fall by 30 per cent in 2015, capex costs will fall by up to 10 per cent in 2016, and drilling efficiency improvements have saved 15 per cent this year, which has been “critical to overall cost deflation”."

Ehh... quelli che si credono pure furbi....

[Amati75]

.
doppio

[the fool]

solita figura di palta.

[tafazzo]

Ed ecco le Tafazzatte...
Siamo nel XXI secolo.. esiste il traduttore online per chi non conosca una lingua straniera... se vuoi ti posto il link.

ok ma non postare cavolate mi sono accordi IO di diversi errori di ortografia nel testo che hai postato. chissa chi lo ha scritto..

[tafazzo]

.
doppio

ma sei del polesine ?? o un rovigotto ??

[Amati75]

ok ma non postare cavolate mi sono accordi IO di diversi errori di ortografia nel testo che hai postato. chissa chi lo ha scritto..

Come avrai fatto a notare tali errori... quando manco hai capito chi l' ha scritto.. nonostante sia indicato (sia l' autore sia la testata)...?

Sarebbe anche interessante sapere quali sarebbero questi errori.

[Amati75]

ma sei del polesine ?? o un rovigotto ??

Noto che sei in vena di Tafazzate supreme oggi.