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2116Re: [hreg] Re: Petroleum Question

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  • Kevin L. Conlin
    Jul 30, 2003
    • 0 Attachment
      Whoops...sorry about that folks, I responded to the wrong e-mail!


      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
      kconlin@...
      www.solarcraft.net
      ----- Original Message -----
      From: "Kevin L. Conlin" <kconlin@...>
      To: <hreg@yahoogroups.com>
      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
      come
      > 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
      > kconlin@...
      > www.solarcraft.net
      > ----- Original Message -----
      > From: "gdpool77" <greg.pool@...>
      > To: <hreg@yahoogroups.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 hreg@yahoogroups.com, "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
      http://docs.yahoo.com/info/terms/
      > >
      > >
      > >
      >
      >
      >
      >
      >
      > Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
      >
      >
      >
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