2116Re: [hreg] Re: Petroleum Question
- Jul 30, 2003Whoops...sorry about that folks, I responded to the wrong e-mail!
Kevin L Conlin, President
13130 Stafford Road
Stafford, TX 77477
Off - 281 495 0438
Fax - 281 495 0440
Mob - 281 960 8979
Home - 281 530 7501
----- Original Message -----
From: "Kevin L. Conlin" <kconlin@...>
Sent: Wednesday, July 30, 2003 12:33 PM
Subject: Re: [hreg] Re: Petroleum Question
> First of all, THANKS for getting the power supplies out, they arrived this
> morning and will be leaving via hot shot in an hour, that's how bad the
> customer is needing them. Just wanted you to know iit was a legit fire
> drill. I was up at Arthurs and we had some questions, I'll get him to
> over and we'll go through them.
> regards, Kevin
> Kevin L Conlin, President
> Solarcraft, Inc
> 13130 Stafford Road
> Suite 125
> Stafford, TX 77477
> Off - 281 495 0438
> Fax - 281 495 0440
> Mob - 281 960 8979
> Home - 281 530 7501
> ----- Original Message -----
> From: "gdpool77" <greg.pool@...>
> To: <email@example.com>
> Sent: Wednesday, July 30, 2003 12:19 PM
> Subject: [hreg] Re: Petroleum Question
> > I don't think the chart you referenced is a good support point for
> > your argument. That chart takes into account the hundreds of very
> > small, very shallow wells in north central Texas which do not cost $2
> > million to develop. I'm a big fan of renewable energy. But, if it's
> > so financially sound, as you propose, why the heck isn't there giant
> > funding checks heading their way. Even the big oil tycoons aren't in
> > that business because they love oil. They are in it for the
> > profits. Explain to me how, with your simple calculation, you can
> > recognize this incredible profit opportunity and the top financial
> > analyst miss it?
> > --- In firstname.lastname@example.org, "Roxanne Boyer" <rox1@a...> wrote:
> > > HREG,
> > >
> > > I've been looking up information about oil and gas wells and I
> > think I found some information, but I don't know the reliability of
> > the sources. I would appreciate it if anyone knowledgable in the
> > subject could confirm or update what I have found.
> > >
> > > 1) Developing a new gas or oil well in the US costs about $2million
> > to $10million. Costs include geo analysis, drilling and setting well
> > head. Off shore on more expensive end. (This seems high to me).
> > General trend is offshore and deeper, thus more expensive with time.
> > > 2) The average US oil well produces about 20 barrels per day (range
> > from 2 to 1000).
> > > 3) The average US gas well produces about 150 thousand CF per day
> > (26 oil equivalent barrels per day).
> > > 4) The average US oil or gas well produces for about 5 years (?).
> > > 5) There are about 7,000 new wells drilled per year with only 30%
> > dry (years 2000 to 2002).
> > >
> > > Something seems wrong with those facts because the pay back would
> > be $2million/(20bl/day*$25/bl*365day/yr) = 10 years. Hardly a
> > worthwhile investment.
> > >
> > > Where I am going with this is that 20 bl/day is 1,400 kW. A wind
> > turbine producing the same energy as the average oil well has an
> > investment cost of about $1 million, 100% success, and will last 20
> > years. People would get a better return on their investment if they
> > would stop investing in oil wells and start investing in wind
> > turbines. Before I make this arguement, I want to make sure I have
> > my facts straight. Any insight would be appreciated.
> > >
> > > Sincerely,
> > > Chris Boyer
> > Your use of Yahoo! Groups is subject to
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