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Thursday, October 16, 2008

Serious Natural Gas Shortage

As we made our way from Glenwood Springs Colorado to Grand Junction we were again amazed at the number of oil/gas derricks that were in operation. One company reported the starting up of 20 wells and 15 wells were completed. As of September 47 of the 52 planned wells had been started. As of September 80 wells were producing on an average 4.1 MMcfednet (million cubic feet equivalent per day). The wells drilled in the Piceance basin were producing 58 percent natural gas and 42 percent oil.

At the same time there are significant projects going in Kansas around Arbuckle and Lansing with 17 wells started there. Also there have been eleven workovers/recompletions have been completed.

The bottom line is that there is a good deal of gas and oil being produced here in the US. The potential for more is there as well especially in the oil shale deposits in Western Colorado.

From a different direction as we came by Belleville and Leonard Kansas we saw the huge forest of windpower generators. Down the hill from the big boys was one old-fashioned farm windmill pumping away providing water for livestock. Perhaps the little windmill was dreaming of being a big one day some day.

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