Perhaps years ago. Nobody drills a well now without knowing whether it will be dry or not. Shale plays are very predictable.
However, if you are correct, then they should have taken that name. Houston Wildcatters
Perhaps years ago. Nobody drills a well now without knowing whether it will be dry or not. Shale plays are very predictable.
However, if you are correct, then they should have taken that name. Houston Wildcatters
Iâm ALL IN for Saturday night and Sunday morning!
Go Gamblers!!!
Thatâs not true offshore but yeah, game is much different these days.
I was thinking land based plays. The biggest gamble there is the price of oil and gas. Offshore is entirely different. Still directional but targets are different. Not certain how they would stack all the horsepower needed to frac an offshore well plus the enormous amount of water needed. Drilling for conventional reservoirs is nearly non-existent on land thus the âgamblersâ (wildcatters) have all but disappeared. I would be reluctant to call anyone drilling offshore nowadays a gambler other than the entire oil industry is and always has been a risk
Well Houston was where The Gambler was born and raised
You are spot on about wildcattingâŠgone. Capital flowed to shale plays, which are much more like factory production linesâŠthese are stratigraphic plays, meaning that the plays are across tens of thousands of acres, and you put a bit in the ground, you are gonna make a well (some better than others)âŠ
Conventional wildcatting was usually about 1 in 10 for new field discoveries, while I was in my early 20s (the 80s)âŠ
Times have changed.
I entered the oil and gas industry in 1977. It was the Wild West. Money flowed and people were crazy. It was a male only industry where pretty much anything was acceptable.
A lot depends on the completion and less on where the wellbore ended up because they always were able to keep the bit in the shale. I heard in Wyoming some of the shales were less than 100â thick yet they maintained the drill bit in the shale for 1/2 mile. That is some technology.
I actually have fond memories of sitting in the Dome watching Jim Kelly lead the Gamblers up and down the field. That offense was fun to watch.
Did a little research. Indeed the Balken is max 130â thick but I was wrong on the laterals. Some are 10,000â long. Wow!
Now back to basketball
I keep a bit in a 10â tall window for two miles in ND. But thatâs probably a discussion for the Satellite.
Or maybe real estate/land speculation . . . . .
No, we were discussing the Gamblers which is oil field appropriate, particularly as its related to basketball
Interesting read from the marketing/viewers needed side.
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In the Dakotas the Bakken Shale is the big formation. In Pennsylvania, it is the Marcellus, central Texas the Eagle Ford, West Texas the Wolfcamp, and in North Texas the Barnett (which started the shale boom with Mitchell Energy)âŠthese are the primary formations, and there are dozens and dozens of other productive formations as wellâŠ
I would point out that UH was founded by oil, specifically Hugh Roy Cullen, who was at one point, the richest man in the world. Forbes Magazine ran an article discussing the 10 Most Charitable families in America. In the Forward, they said âbefore we discuss the Vanderbilts, the Mellons, the Rockefellers, etcâŠâŠâ they pointed out that Old Man Cullen donated 10 times the money of all those other families combined in creating The University of Houston.
I am paraphrasing, but you get the driftâŠ
Absolutely astounding.
I sold completion fluids worldwide to the service companies, millions of gallons of friction reducers. My last job was convincing clients to use energized fracture fluids (N2 and CO2). No regrets on my 40 years in oil and gas.
Thank you UH for the engineering degree that opened the doors to a lucrative career.
Conflicted - want to root for the gamblers but scumlin ? Yeeesh
I lived in Michigan for original USFL but pulled for the Denver gold for some reason. Maybe I owe the panthers some fandom.
DâJuan Hines out there now
That first game tonight was AWESOME!
Ready for a USFL triple header tomorrow.
Go Gamblers!!!
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