/r/oil

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Oil, gas, seismic science, engineering, and cool pictures of rigs. Everything you need to know about exploration, recoverable assets and pipelines.

Oil, gas, seismic science, engineering, and cool pictures of rigs. Everything you need to know about exploration, recoverable assets and pipelines.

This is the place to be when you want to know what's going on with the stuff that keeps the world turning and how it works.

Checkout /r/oilandgasworkers for more conversations


Lazy speculation posts are rule breaking offenses. Speculation is welcome in the comments of newsworthy posts or in the weekly general discussion and speculation post. Of course market changing news is worthy of it's own post but posts like "What do you think prices will look like in a month" is considered rule breaking.

No editorialized titles. Post title needs to match source title. Leave the comments for editorialization. Source must be included in post.

No non-market changing oil politics. Memes can be removed at mod's discretion.

Crude hydrocarbons only. No snake oil. No weed oil. No makeup oil. No cooking oil. No "relationship" oil. No car oil.

/r/oil

26,509 Subscribers

35

Russia's Oil Flows Shifted from West to East

11 Comments
2024/06/30
22:34 UTC

0

Earlier this month, Alaska Gasline Development Corp and Pantheon Resources signed a Gas Sales Precedent Agreement. Chairman of Pantheon Resources, David Hobbs, explained how this changes the game for the Alaska Gas Project.

1 Comment
2024/06/30
08:48 UTC

0

Oil reporting/pricing

Hello everyone! First post on this sub. For background, I’m an economist with two masters from top 20 unis in the world.

After a while thinking that geopolitics was my goal I have now switched to oil market reporting/pricing which represents a “back into roots” scenario as I am from an oil driven country and my family contracts for the industry. However, I was wondering if anyone would like to share their experience into how they got into the field and particularly if you have any experience in market reporting/pricing would you mind sharing some tips? Companies to look for? Books to read? Courses? Countries for the profession? Anything would be appreciated.

Currently in UK but considering Netherlands.

12 Comments
2024/06/29
20:13 UTC

11

Chevron Deference

Well, SCOTUS just killed Chevron Deference. What does this mean for the industry? Specifically in the US?

Are there any legal ideas that have been on deck in the case that just this happened?

17 Comments
2024/06/28
18:35 UTC

0

Oil Prices and OPEC

What benefit did OPEC have from cutting oil prices in the early 90s? What affect did that have on the Gulf War and US involvement?

4 Comments
2024/06/28
04:18 UTC

5

Distilling oil with a lab apparatus problems

Hello, I am trying to distill flower petal oil and I am having trouble getting any with my steam distiller. Any help helps!

5 Comments
2024/06/27
17:53 UTC

0

AI in the shale patch

I'm new, so no makin' fun.

Big splash among the majors last year over who got to look the deepest under the CoPilot hood. AI is close to sliced bread, according to the prevailing narrative.

That is unless you look at the latest survey from the Dallas Fed.

https://www.dallasfed.org/research/surveys/des/2024/2402#tab-questions

https://preview.redd.it/uuptxrl1749d1.png?width=1015&format=png&auto=webp&s=5da2245edea29e1e72233e899807e3a9e2a47046

11 Comments
2024/06/27
13:16 UTC

2

Oil well classification?

Hi all, I have the following txt about an abandoned well, does this mean anything to anybody?

UWI WELLBORE: 199/02-09-029-25W2/00 UWI COMPLETION: 199/02-09-029-25W2/00 WELLBORN TYPE: BOSS ABANDONED

11 Comments
2024/06/25
00:49 UTC

1

Anyone have experience with oil and gas investment funds?

I have recently (last 18 months) started to invest in oil and gas and it is going well. It has all been non-op WI, but every well I'm in I have been able to get in from the first barrel of production. What I have been doing is buying 3-10 acres of leases in a given well and participating directly with the operator. The thing is that the people who source the leases have what seem to be an unlimited supply of land in wells that are either already drilling or are soon to drill. A lot of wells that I have say, 5 acres in, I could have bought 40+ acres from the land broker if I had the resources to pay my completed costs to the operator. What I am getting at is that I think it would make for a great opportunity to raise money from investors for a fund. The fund could take an equal share in multiple wells therefore negating some risk and could guarantee a good return (obviously given oil prices stay steady). It seems straight forward, but I just want to know if anyone has ever tried to raise investments for oil and gas production and how hard was it/how do people perceive it when approached?

16 Comments
2024/06/25
00:19 UTC

1

Question regarding the depth of the Sakhalin Oil Fields

Do we have any idea how deep the Sakhalin Oil Fields are? Because I've been looking for that information online and haven't been able to easily find it. So does anyone here know how deep those fields are?

3 Comments
2024/06/22
15:21 UTC

2

Questions.

Who do I hire to find out if I have oil on my land? There are rumours that a Derrick once existed.

8 Comments
2024/06/22
11:59 UTC

20

What do you all think about the reports of Russians discovering oil in Antarctica?

34 Comments
2024/06/22
05:21 UTC

4

Entry level non labor jobs

Looking for anything anywhere and keep seeing that oil work is the highest paying and always hiring around these parts.

Problem is I have some health issues and can't do heavy labor. Are there entry level jobs where you don't have to break your body? Im assuming not but figured it ask.

5 Comments
2024/06/22
00:15 UTC

24

Chances of the 1973 USA-Middle East Oil Situation occurring again?

Just wondering what are the chances of the 1973 USA-Middle East Oil Situation occuring again? and considering that USA is a big oil producer at the moment, would it be able to halt exports and consume them instead. and if that is possible, why is it not impementing those strategies right now. And what is the big fear over no oil when the USA is still producing massive amounts of oil and simultaneously leading in electric vehicles.

65 Comments
2024/06/18
16:46 UTC

4

Future oil prices with countries leaving the petrodollar?

What can be inferred about the foreseeable future of crude oil prices with all these countries deciding to leave the USD behind for oil exchange?

65 Comments
2024/06/13
17:29 UTC

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