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View Full Version : Big Honkin' New Oil Field...


SoonerInKCMO
9/5/2006, 12:47 PM
...found in the Gulf of Mexico. Devon of OKC owns 25%. (http://www.nytimes.com/2006/09/05/business/05cnd-oil.html?hp&ex=1157515200&en=90639220416107fb&ei=5094&partner=homepage)


:les: CHEAP GAS BEYONCES!!!
SoonerInKCMO
9/5/2006, 12:51 PM
Any of y'all own Devon stock? It's up 11% today.
SoonerInKCMO
9/5/2006, 12:52 PM
Make that 14%.

And for those not registered with NYT: http://phx.corporate-ir.net/phoenix.zhtml?c=67097&p=irol-newsArticle&t=Regular&id=901621&
Skysooner
9/5/2006, 01:02 PM
I used to work for Devon, but I have a good amount of stock still. It was a good day.
KABOOKIE
9/5/2006, 01:58 PM
I blame Bush.
Petro-Sooner
9/5/2006, 02:09 PM
:texan:
olevetonahill
9/5/2006, 02:38 PM
I thought Norm had the "cheap gas " today :confused:
TheHumanAlphabet
9/5/2006, 03:55 PM
Gas close to $2.00 by election day...Its a Republican conspiracy to keep them in power...
Rogue
9/5/2006, 04:20 PM
The company said it found the oil producing formation about 20,000 feet below the bottom of the Gulf, with the well drilled to a total depth of 28,175 feet.


Holy carp! How much oil is in the sucker rods to get it to the top?
That's 5 1/3 miles below according to this: http://www.metric-conversions.org/length/feet-to-miles.htm
1stTimeCaller
9/5/2006, 04:25 PM
I'll bet that the first 8,175 feet went faster than the last. ;)
jeremy885
9/5/2006, 07:18 PM
Holy carp! How much oil is in the sucker rods to get it to the top?
That's 5 1/3 miles below according to this: http://www.metric-conversions.org/length/feet-to-miles.htm

You went to a metric conversions site to convert ft into miles :confused:???
Skysooner
9/5/2006, 08:41 PM
They don't use sucker rods in offshore wells. Also, sucker rods are not hollow.
OUDoc
9/5/2006, 08:46 PM
Also, sucker rods are not hollow.
Mine is.
Well, sort of.
Nevermind.
nanimonai
9/5/2006, 10:36 PM
So I can start bathing in gasoline again?
Frozen Sooner
9/5/2006, 11:08 PM
On the one hand, I'll be ecstatic if gas gets back to 2.00 a gallon.

On the other hand, gas will still be 2.00 a gallon.
soonerboomer93
9/5/2006, 11:32 PM
Oil found = more work for me :D
Frozen Sooner
9/5/2006, 11:32 PM
Er...

I missed the critical relationship of oil to the sattelite provider industry...
sooner_born_1960
9/5/2006, 11:34 PM
All them people working on location gots to have there TV.
Mongo
9/5/2006, 11:35 PM
Anyone in the oil/gas industry, or anyone with common sense, knows that the gulf is a black gold mine. Didnt Messico just lay "claim" to a reserve in the gulf, and proclaim exclusive rights to it?

The US oil/gas industry could be self sufficient if allowed to explore/drill freely in any territory. Some people like to stand in the way of progress.
Frozen Sooner
9/5/2006, 11:35 PM
Ah. That makes sense. :D
sooner_born_1960
9/5/2006, 11:37 PM
Of course, I meant "their TV".
Frozen Sooner
9/5/2006, 11:37 PM
Sounded better in my heed as "there". :D