Il suicidio del fracking

[Amati75]

Una serie di stime sui vari Break Even points per ie produzioni di shale oil:

FACTBOX-Breakeven oil prices for U.S. shale: analyst estimates | Reuters

Una delle più dettagliate:

"We estimate $73 as the weighted average breakeven point for
U.S. supply."

SHALE FIELD BREAKEVEN OIL
PRICE PER BARREL
Eagle Ford Liquids Rich $53
Wolfcamp North Midland $57
Bakken Core $61
Niobrara Extension $64
Eagle Ford Oil $65
Niobrara Core $68
Wolfcamp South Midland $75

Bakken Non Core $75
Texas Panhandle $81
Mississippi Lime $84
Barnett Combo $93

[Amati75]

Come previsto ed indicato nei post precedenti, con le acquisizioni, quindi con il consolidamento nel settore, per via del ribasso dei prezzi, le azineed con tencoogie piu' efficenti, acquistando assets di aziende meno efficenti, trasferirano il loro know-how, quindi aumentado economia di scala e di scopo.. DIFATTI:

Halliburton Aims to Squeeze Last Drop of Oil From Aging Fields

With its $34.6 billion purchase of Baker Hughes Inc. (BHI), Halliburton Co. (HAL) will add a new technology that’s aimed at replacing the well-known nodding donkey pumps that have been a symbol of the oil business for a century.
The new system, unveiled by Baker Hughes in May, offers a way to retrieve the final drops of crude from aging oilfields, and should help fill a gap in Halliburton’s offerings.
The $14.8 billion global market for boosting output in aging wells is expected to almost double by 2020, delivering growing profits as plunging crude prices force some producers to cut drilling budgets. Halliburton is now No. 11 in the market. The new device, ready for use early next year, is part of a Baker Hughes product portfolio that’s expected to help boost the combined company to the No. 2 spot.


.....


Halliburton Aims to Squeeze Last Drop of Oil From Aging Fields - Bloomberg

[Amati75]

Shale Revolution: Opportunity To Jump-Start Economic Growth - Forbes

[amaryllide]

Come previsto ed indicato nei post precedenti, con le acquisizioni, quindi con il consolidamento nel settore, per via del ribasso dei prezzi, le azineed con tencoogie piu' efficenti, acquistando assets di aziende meno efficenti, trasferirano il loro know-how, quindi aumentado economia di scala e di scopo.. DIFATTI:

Halliburton Aims to Squeeze Last Drop of Oil From Aging Fields

la Halliburton è la corresponsabile di quel capolavoro di efficienza chiamato Deepwater Horizon? Ma se volete proprio suicidarvi tutti, non fate prima con una pistola alla tempia?

[Amati75]

la Halliburton è la corresponsabile di quel capolavoro di efficienza chiamato Deepwater Horizon? Ma se volete proprio suicidarvi tutti, non fate prima con una pistola alla tempia?

Fallacia logica dell' uomo di paglia, in quanto non ribatte al punto solelvato, complimenti come al solito.

[amaryllide]

Fallacia logica dell' uomo di paglia

uomo di paglia un cazzo, l'Halliburton è la STESSA azienda che tu esalti per le sue tecnologie avanzate, mica un'altra!

[Amati75]

uomo di paglia un cazzo, l'Halliburton è la STESSA azienda che tu esalti per le sue tecnologie avanzate, mica un'altra!

Cacchio centra la piattaforma, che era gestita tra l'altro da varie compagnie, con l efficienza estrattiva nello shale?

Argomento da uomo di paglia, sat sul punto su.



Sent from my iPad using Tapatalk

[Amati75]

Sullo shale gas in Polonia:

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Last updated: November 16, 2014 2:01 pm
Poland’s shale gas dreams put on hold

Henry Foy in Warsaw

Poland’s much-hyped shale gas boom could take as long as six more years to become commercially viable, as foreign oil and gas companies abandon their exploratory plans, citing bureaucratic tangles and an unfriendly investment climate.
Poland dreamt of domestic shale gas providing both an alternative to relying on politically unpalatable Russian energy and a windfall to state tax coffers.

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Global petrochemical companies such as ExxonMobil, Total and ConocoPhillips flocked to the country, snapping up concessions and making Poland Europe’s biggest shale gas market by drilled wells.
But instead exploratory wells have failed to meet expectations and many drillers have grown impatient with regulatory delays that executives say have smothered their ambition.
Of the 11 foreign companies that invested in the country’s shale gas market over the past four years, seven have abandoned the market, after spending a cumulative £500m.
That has left domestic, state-backed companies such as PKN Orlen, Lotos and PGNiG with the financial and regulatory backing of the government, and a handful of well-funded global players, to wait for a change in fortunes.
“We gave it our best shot. We got to a point where we could not justify carrying on. We demonstrated some potential, but our company could not justify committing further capital based on the results so far,” says Kamlesh Parmar, chief executive of British driller 3Legs Resources, which pulled out of Poland in September.
“It is going to take longer and cost more money than most people imagine. Those operators that continue will have to have the funding and patience to give their projects the best chances of success.”

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The steady withdrawal of investors and explorers and rising disillusion with Poland’s shale gas prospects is not likely to be helped by the recent sharp fall in global oil prices, which have cast doubt on the financial credibility of the fuel even in well-established drilling markets such as the US.
The country’s environment ministry, which regulates the industry, says that it could take until 2020 before Poland begins to deliver commercial shale gas at a level of profit seen in the US.
Driving through fields and forests 80km outside of Gdansk on Poland’s northern Baltic coast, it is easy to miss the birthplace of Poland’s shale gas dream.
Two large metal wellheads, barely visible from the road in the middle of a large field, mark the graves of the country’s first vertical and horizontal shale gas wells.
Drilled by 3Legs in 2010 and 2011, the wells did produce some gas, but not enough to start commercial production.
Mr Parmar says that the weight of red tape, which can mean waiting 18 months for permission to start drilling for gas, slowly eroded the company’s finances and appetite to continue investing in new wells.
“These delays deter investment,” he says. 3Legs in September handed over its concessions to ConocoPhillips and stopped its operations in Poland, joining Total, Eni, ExxonMobil and three other foreign companies in packing their bags.
“We are working to shrink decision-making times, to make it as easy as possible for the companies,” says Pawel Mikusek, spokesman at Poland’s environment ministry. “But come on, it is geology. It takes years. We need to take a breath and let investors do their work.”
One investor that has not lost hope is Ireland’s San Leon Energy, which has concessions in Poland. “At times it has been very frustrating, very bureaucratic, but things have changed . . . The government is very supportive,” says the company’s executive chairman Oisin Fanning. “Shale gas will be proven, and will flow in Poland.”
In 2011, estimates of Polish shale gas reserves were 5.3tn cubic metres, enough for 300 years of domestic gas demand. Government officials talked of the industry creating a sovereign wealth fund to rival Norway’s.
Today, the ministry reckons the country may have around 55 years’ worth of gas, if it can be extracted. So far 66 wells have been drilled, according to the government. None are producing gas in commercially viable quantities.
“I think it’s fair to say that there was a little too much expectation, too much hope,” says Jacek Libucha, principal at the Boston Consulting Group in Warsaw.
"Now the effort is being led by the state-owned companies who have financial resources, but are having to learn the right knowledge to exploit the potential . . . [their] intention is to develop it at their own pace, rather than this gold-rush mentality that was present a few years ago.”
A new hydrocarbon law, two years in the making, was passed in August in an attempt to smooth the regulatory process for shale gas miners in Poland, while the environment ministry says it has boosted its team dealing with industry applications to 10 people, from just three in 2012.
ConocoPhillips, which invested in Polish shale gas assets alongside 3Legs in 2009, says that it is still conducting tests to determine the prospects of its concessions in Poland.
It said that it “continues to advocate for regulatory change that promotes investment while protecting Polish interests”.

http://www.ft.com/intl/cms/s/0/ffa09b60-6036-11e4-98e6-00144feabdc0.html#axzz3K0XRLPKS



Come da articoli postati mesi e mesi fa (piu' di un anno fa) presi dal sito di Forbes, le analisi li contenute sul come mai l' esportazione del fenomeno sarebbe stata complicata, si stanno presentando in Polonia, ovvero geografia limitata, burocrazia, mancanza di infrastruttura pre esistente, geolgoia diversa ecc ecc.

In retrospettiva quindi, ottima analisi da parte di Forbes:

Six Reasons Fracking Has Flopped Overseas

1-Price
2-Regulatory Framework
3-Property and Mineral Rights
4. Infrastructure
5. Water
6. Expertise

Six Reasons Fracking Has Flopped Overseas - Forbes

https://forum.termometropolitico.it/...ml#post4658769

[Amati75]

Drill On: U.S. Mantra as OPEC Power Wanes in the Face of Shale

The U.S. has the most to gain and the least to lose as Saudi Arabia gathers with its OPEC allies this week to discuss the cartel’s response to falling crude prices.
For the oil industry, a significant production cut by the Organization of Petroleum Exporting Countries would lift prices and profits across the board and help finance further U.S. energy innovation. And while a weaker OPEC response -- or no move -- would put more pressure on energy companies, the industry is increasingly insulated by burgeoning North American output. Either way, U.S. producers already know what they’re going to do: drill on.
“The industry is very resilient, as strong as ever in recent history,” Tony Sanchez III, chief executive of Texas producer Sanchez Energy Corp. (SN), said in an interview. “The technological advances we’ve made underpin virtually everything right now.”
The swagger of U.S. producers in the face of plunging oil prices shows the confidence they’ve gained from upending OPEC’s six decades of market dominance with technology that wrings oil from dense rock for prices as low as $40 a barrel. The shale boom has placed the U.S. oil industry in its strongest position since OPEC began flexing its pricing power in the early 1970s.
Investors are taking note, poring money back into shale producers in the past 10 days after shares fell an average 20 percent since July.
Economic Resilience

Beyond the ability of producers to remain profitable at lower prices, the broader U.S. economy is even less susceptible to whatever course OPEC might take. A shift away from industries like steelmaking and into services such as health care has helped make the economy less reliant on oil and natural gas, according to government data compiled since 1950.
Since the 1973 Arab oil embargo, the first major shock brought about by OPEC coordination, the amount of oil and gas consumed in the U.S. to generate $1 of gross domestic product has fallen 64 percent. The U.S. in August imported an average of about 4.8 million barrels a day of crude and petroleum products, a 24 percent decline from 1986, the year when Saudi Arabia’s market machinations sent prices below $10 a barrel in a crushing blow to U.S. producers.
As the services economy has grown, oil demand has fallen, with the U.S. burning 13 percent less oil in 2013 than 2005. Improvements in fuel consumption mean cars and trucks can travel further on each gallon of gasoline. The nation is 26 percentage points more efficient in terms of the the energy required to generate economic growth than the global average, according to the U.S. Energy Information Administration.
Domestic Insulation

Since the dawn of the shale oil era in 2010, booming domestic production has insulated U.S. prices from global shocks as growth helped assuage fears of supply disruptions in the Middle East and North Africa. When Libya’s civil war intensified in early 2011, Brent crude, the global benchmark, surged 25 percent while the West Texas Intermediate price rose just 18 percent, according to data compiled by Bloomberg.
This week’s OPEC meeting is viewed as the cartel’s most important conclave since 2008’s worldwide financial crisis.
“The U.S. is an energy powerhouse now,” Bruce Bullock, director of the Maguire Energy Institute atSouthern Methodist University in Dallas, said in a phone interview. “Certainly the impact that OPEC has is far, far less than years ago.”
U.S. producers already are responding to lower oil prices by adjusting their spending to focus on cheaper wells with higher production. As a result, the billions in projected spending cuts next year won’t significantly curtail U.S. output, which is expected to hold at current levels even if prices drop to $70 a barrel, according to data compiled by Bloomberg.
Continued Production

“Shale looks unlikely to be switched off quickly,” said Andrew Milligan, who helps oversee $442 billion as head of global strategy at Standard Life Investments Ltd. “It could be 18 months before we see shale” impacted.
Not so for the 12 nations in OPEC, which are at loggerheads over whether to cut oil production to halt the worst crude-market slump of this decade when they meet Nov. 27 in Vienna. A modest cut that reins in current production by about 500,000 barrels a day is the most likely outcome, although no action is also possible, according to analysis in the past week by Goldman Sachs Group Inc. (GS), Morgan Stanley and Wolfe Research LLC.
No action from OPEC would probably pressure oil prices to as low as $60 a barrel, Paul Sankey, an analyst at Wolfe, said in a Nov. 24 note to clients. That would prove disastrous for countries such as Equatorial Guinea, Chad, Venezuela, Angola and Iran that are dependent on oil revenues to survive, said Mark Schaltuper, head of the Americas research team at Fitch Inc.’s Business Monitor International.
Lower Stakes

The stakes are much lower for the wildcatters and global energy giants who have remade North America as a powerful counterbalance to OPEC through technological breakthroughs in brittle rock layers, Canada’s oil sands and ultra-deep reservoirs in the Gulf of Mexico.
Not all companies and oil fields will fare the same if oil prices sink below $70. On average, shale producers in North Dakota’s Bakken and Texas’s Permian Basin formations need prices around $67 and $65, respectively, to make drilling worthwhile, according to ITG Investment Research. And while oil-sands operators can continue producing at $75 a barrel, new projects may be put on hold as companies reassess the economics of lower prices.
Strong Returns

Technological progress has enabled producers like ConocoPhillips to turn a profit at prices as low as $50 a barrel in the most productive drilling areas. EOG Resources Inc. (EOG) would get a 10 percent rate of return in Texas’s Eagle Ford field at an oil price of $40 a barrel, according to the company.
The strength of the prospects of many companies has turned Wall Street more bullish lately. As oil fell 29 percent since June, investors shaved about $150 billion from the market value of shale producers. Now the 44 energy stocks in the Standard & Poor’s 500 are forecast to rise 20 percent in the next 12 months, twice as much as any other industry, according to analyst forecasts compiled by Bloomberg.
Hedge funds and other investors poured $1.5 billion into exchange-traded funds holding energy stocks over the week ended Nov. 24, the most of any sector. That’s become a popular, low-cost way to bet on broad stock movements. Money has flowed back into energy ETFs after a September sell-off so that they lead all sectors in fund flows with $6.8 billion added so far this year.
To contact the reporters on this story: Bradley Olson in Houston at bradleyolson@bloomberg.net;Joe Carroll in Chicago at jcarroll8@bloomberg.net; Jim Polson in New York atjpolson@bloomberg.net
To contact the editors responsible for this story: Susan Warren at susanwarren@bloomberg.netCarlos Caminada





Drill On: U.S. Mantra as OPEC Power Wanes in the Face of Shale - Bloomberg

[amaryllide]

Cacchio centra la piattaforma,

c'entra col fatto che la Halliburton è un'azienda che se ne frega dell'ambiente, e se lo fa già col petrolio "normale", figuriamoci che danni farà con lo shale, che è un sistema ecologicamente devastante, che avvelena le falde acquifere !