Comments on Next Big Future: Bakken oil study North Dakota only and independent...

You are correct; 6-month confidentialty is the nor...

2008-10-14T19:17:00.000-07:00

You are correct; 6-month confidentialty is the norm. Suzanne must be a newbie.

Suzanne,I did state that there is an average decli...

2008-05-09T17:19:00.000-07:00

Suzanne,

I did state that there is an average decline in well production from the initial rates. It is mentioned in about the 7th paragraph (so near the top). Plus it has a link to an entire article talking about decline rates for the Bakken. I do not see why you think initial production rates is misleading. The terms clearly indicate "here is what this thing is starting out" there would be no need for the term if "this is what starts at and it will stay the same".

In terms of the 6 month confidentiality. All companies take time to submit their financial information to regulators or state agencies. The 6 month period of confidentiality does not seem unusual to me.

I think that gold mines, diamond mines would have similar periods.

It would allow a company to still acquire nearby properties during that time.

A provisional patent filing gets 1 year from the time of filing before the information is made public. They also have that one year time to file a full patent.

"Initial rates" or "came on at" or "initial produc...

2008-05-09T09:02:00.000-07:00

"Initial rates" or "came on at" or "initial production" are very misleading terms. I know for a fact that several wells in the Bakken that have come on at high rates, between 2000 and 3000 have dropped off immediately to around 800-1000...sad when oil and gas guys are no better than used car salesmen to get investors all pumped up. And in ND since they can request confidentiality, we don't know the extent of the drop off until 6 months later. I'd never put my money in any company that "needs" confidentiality.

If Enron told me my hair was on fire, I might well...

2008-05-06T07:31:00.000-07:00

If Enron told me my hair was on fire, I might well wait to smell smoke before I reached for a bucket. I question the accuracy of the Enron Oil and Gas reports because I've seen how rife with fraud their reports in other energy fields are. I am insufficiently familiar with how EOG could be salting these reports to make specific accusations, but the disproportionately productive finds by EOG concern me.

Nevertheless, running in terror from the great demon "Peak Oil" does seem a bit excessive. If you have the coin to get off the grid, more power to you, so to speak. I just hope the energy pricing bubble we're in lasts long enough to capitalize more exploration and development of resources in the US.

We might even pressure Congress to get real, but that seems less of a risk than the "Peak Oil" demon fantasies.

On the first map, the county shown as Oliver is Me...

2008-05-03T11:34:00.000-07:00

On the first map, the county shown as Oliver is Mercer!

I disagree. The information in hundreds of posts u...

2008-05-02T16:04:00.000-07:00

I disagree. The information in hundreds of posts under the energy heading explain why.

There would be a global peak in oil and related liquids when production falls consistently but we are making new highs in terms of more production. My mega oil projects article shows what production I expect to come online.

Demand growth has been higher than supply, but that is not peak oil.

If you want to comment more then read my energy articles first or at least my oil and oilsand articles.

Hmm...this won't help to offset Peak Oil, you know...

2008-05-02T15:35:00.000-07:00

Hmm...this won't help to offset Peak Oil, you know that right? I mean Peak Oil is here already. Nothing can save us, or preserve our way of life. You should get off the grid while ytou still can. I've been off the grid for 8 months now. I'm prepared. ONce the powerdown occurs.....technology goes right our the window. Become a survivor, not part of the dieoff.