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(Reuters)   Secret whale has the Dutch seeing underwater Mexican black gold. Confused? You won't be, after this episode of "Shell Soap"   ( reuters.com) divider line
    More: Followup, Petroleum, Shell, Mexican blocks, Oil reserves, Mexico, Peak oil, Royal Dutch Shell, Whale discovery  
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1022 clicks; posted to Business » on 02 Mar 2018 at 9:05 AM (20 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



4 Comments     (+0 »)
 
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2018-03-02 09:00:16 AM  
I like Benson.
 
2018-03-02 09:58:37 AM  
Mexico has MASSIVE amounts of untapped deep well oil & gas, the Gulf is loaded. Shell and Chevron are all about sitting on top of massive finds and doing their very best to grab everything they know is there but untapped. They have most of the largest super-rigs sitting in deep water Gulf areas, half of them idle.

Mexico's reserves are reserves for a reason: after they went all "national" and kicked the big boys out, the advances in robotic drilling, deep drilling, horizontal drilling, and modernized fracking techniques completely passed them by. Mexico's oil produces are 30 years behind the times and complete amateurs. I know of no less than three independent wildcatters in West Texass that want a piece of that untapped action, but Mexican-American relations and politics keep getting in the way. One company has a unique robo-bit that can fine tune the way the drill approaches the layers, making it easier to tap into shallow reserves from the side granting a more accurate frack & release.

Make no mistake, the future of production is the greater Gulf area: that's where the companies sank all their money 10 years ago, that's what they know can be tapped now.

There's even still a substantial amount of reserves left in West Texass at the rim of the Permian Basin, just recently explored by some smaller companies. That part scares me because it runs right under the shelf of the Davis Mountains and I'd really hate to see an accident ruin or destroy San Solomon Springs in Balmorhea.
 
2018-03-02 11:26:45 AM  
"Secret Whale" is the name of my Country Joe and the Fish cover band.
 
2018-03-03 04:47:48 AM  
Are offshore oil fields just the same thing as dry land oil fields, but the land happens to be below the current sea level?  Back during Deepwater Horizon someone was trying to claim that the oil was between layers of seafloor sediment.  That's probably true, actually, except that the seafloor sediment was sediment millions of years ago and is sedimentary rock now.
 
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