Solution to Hight Deisel Prices!!
#11
RE: Solution to Hight Deisel Prices!!
Allot of people have no idea what it takes and cost to get that gallon of fuel to you. I will give you just a small portion of the cost. And this is just to get to it. This does not include completing the well, installing a production facility, pipe lines and so on. Keep in mind that this is a fraction of the cost. And you no that almost 7 out of 10 wells are dry hole. Meaning that money is gone. Yes you can write it off but it is no longer a part of your operating capital.
[ul]Drilling Costs[/ul]
Oil Wells
Avg. Depth/Feet
Cost/Well
Louisiana
9,742
$3,830,000
North Louisiana
4,338
327,000
South Louisiana
11,807
2,428,000
Offshore LA (state waters)
8,153
4,066,000
Federal OCS
10,214
5,254,000
Deepwater Gulf
14,818
9,128,000
United States
5,033
698,774
Gas Wells
Avg. Depth/Feet
Cost/Well
Louisiana
9,457
$3,044,000
North Louisiana
6,794
559,000
South Louisiana
11,974
3,058,000
Offshore LA (state waters)
10,446
4,758,000
Federal OCS
11,472
6,064,000
Deepwater Gulf
113,912
9,680,000
United States
5,788
767,847
Dry Holes
Avg. Depth/Feet
Cost/Well
Louisiana
8,824
$2,772,000
North Louisiana
4,626
231,000
South Louisiana
10,380
1,764,000
Offshore LA (state waters)
10,008
4,873000
Federal OCS
10,858
5,776,000
Deepwater Gulf
14,202
14,252,000
United States
6,130
1,068,985
All Wells
Avg. Depth/Feet
Cost/Well
Louisiana
9,313
$3,095,000
North Louisiana
6,084
460,000
South Louisiana
11,284
2,448,000
Offshore LA (state waters)
9,688
4,695,000
Federal OCS
11,013
5,797,000
Deepwater Gulf
14,306
12,474,000
United States
5,664
813,056
[ul]Drilling Costs[/ul]
Oil Wells
Avg. Depth/Feet
Cost/Well
Louisiana
9,742
$3,830,000
North Louisiana
4,338
327,000
South Louisiana
11,807
2,428,000
Offshore LA (state waters)
8,153
4,066,000
Federal OCS
10,214
5,254,000
Deepwater Gulf
14,818
9,128,000
United States
5,033
698,774
Gas Wells
Avg. Depth/Feet
Cost/Well
Louisiana
9,457
$3,044,000
North Louisiana
6,794
559,000
South Louisiana
11,974
3,058,000
Offshore LA (state waters)
10,446
4,758,000
Federal OCS
11,472
6,064,000
Deepwater Gulf
113,912
9,680,000
United States
5,788
767,847
Dry Holes
Avg. Depth/Feet
Cost/Well
Louisiana
8,824
$2,772,000
North Louisiana
4,626
231,000
South Louisiana
10,380
1,764,000
Offshore LA (state waters)
10,008
4,873000
Federal OCS
10,858
5,776,000
Deepwater Gulf
14,202
14,252,000
United States
6,130
1,068,985
All Wells
Avg. Depth/Feet
Cost/Well
Louisiana
9,313
$3,095,000
North Louisiana
6,084
460,000
South Louisiana
11,284
2,448,000
Offshore LA (state waters)
9,688
4,695,000
Federal OCS
11,013
5,797,000
Deepwater Gulf
14,306
12,474,000
United States
5,664
813,056
#12
#13
RE: Solution to Hight Deisel Prices!!
ORIGINAL: Drew
Joel. . .I think the profit margin for oil companies is less than 10%. and yes, Fuel is a futures market. you are basicaly paying for what it will probably cost your local store to refill its tank. the stores themselves are making not much more than 2-3 cents per gallon of fuel. It is the government that is realy raking in the dough. 50-60 cents per gallon if not more. so if you look at it, the government is making more of a profit on fuel than even the oil comapnies.
We all need to push our representatives in Washington and tell them to lift the restrictions on ANWAR so we can truly see what is up there.
Joel. . .I think the profit margin for oil companies is less than 10%. and yes, Fuel is a futures market. you are basicaly paying for what it will probably cost your local store to refill its tank. the stores themselves are making not much more than 2-3 cents per gallon of fuel. It is the government that is realy raking in the dough. 50-60 cents per gallon if not more. so if you look at it, the government is making more of a profit on fuel than even the oil comapnies.
We all need to push our representatives in Washington and tell them to lift the restrictions on ANWAR so we can truly see what is up there.
#14
RE: Solution to Hight Deisel Prices!!
If you want put some hurt to the oil companies then what you need to do is to get all the people in the USA to not drive at all on weekends unless its and emergency. It would be faster if we could get everyone to not drive at all for 7-10 days.
It may not sound like much by not driving on weekends but a lot of fuel gets burned up on weekends and even more so in the summer time. BTW one reason that gas inventory is at a 14 year high is because people are buying less of it due to the high cost and slowing of the economy.
JMHO
#16
RE: Solution to Hight Deisel Prices!!
ORIGINAL: behindbars
Relax guys. It's all in good hands. As soon as Hillary takes office she's gonna fix it. I'm sleeping better at night now.
Relax guys. It's all in good hands. As soon as Hillary takes office she's gonna fix it. I'm sleeping better at night now.