Kim Drew Geologist goes into detail explaining how he picks his prospects. He covers the basics of oil and gas completions, drilling, oil structures, oil development, fracking, oil wells etc..
We also discuss the difference between completion techniques from the 50 years ago vs fracking techniques today.
This is not a Shale Oil and Gas Project. This is a conventional oil program. Shale is a tight formation that cost upwards of 20 million to drill making it the most expensive barrel of oil ever produced in the world. We focus on developing fields that are profitable even while oil prices are low.
This is actual footage of wells drilled by Barden Bass Partnered with Kingdom Exploration LLC
In this video you see : Dennis Bass ( ” Driller Operator ” ), Kim Drew ( ” Geologist ” ), Less Gibson ( ” Field Engineer ” ) , Sean Pruitt ( ” Investor Relations Pres. Kingdom Exploration LLC ” )
The group has a combined 138 years of oil and gas experience!
A top military aide to Iran’s supreme leader warned this month that “The first bullet fired in the Persian Gulf will push oil prices above $100.”
“A limited war would likely push oil prices above $100 per barrel, while a major confrontation would likely drive prices above $150,” political risk consultancy Eurasia Group predicts.
Call Kingdom Exploration to discuss our current oil investment drilling project. (307) 622-1645
Iraqi Prime Minister Mustafa al-Kadhimi is under pressure from U.S. officials to escalate his government’s crackdown on Iranian-backed militias in Iraq, whose rockets have repeatedly targeted diplomatic and military sites used by Americans over the past year. President Trump has now told his advisers he is prepared to order a devastating response if any Americans are killed in attacks attributed to Iran.
With tensions running high, there are concerns here that provocative actions by either side could spark unintended conflict.
Trump Sought Options for Attacking Iran to Stop Its Growing Nuclear Program
Islamic State militants launched a rocket strike against an Iraqi refinery causing its shut-down, Reuters has reported, citing officials from the facility.
In a statement on the terrorist group’s official channel, IS took responsibility for the attack, which caused a fire at a fuel storage tank, which has been put under control.
“We completely shut down production units to avoid extensive damage that could result,” one of the Reuters sources said.
The coalition led by Saudi Arabia bombed camps of the Houthi rebels in Yemen on Friday after Houthis hit a petroleum distribution center of oil giant Saudi Aramco near Jeddah earlier this week, AFP reported on Friday, citing its correspondents and eyewitnesses.
The Saudi-led coalition hit sites believed to be holding rebels of the Iran-aligned Houthi movement in the Yemeni capital Sanaa, the port city of Hodeida, and the city of Amran north of Sanaa, AFP reports.
The OPEC meeting ended on Monday without an agreement among its members regarding the production cuts next year. Instead, the meeting ended with three of its heavyweights—Russia, Saudi Arabia, and the UAE—holding different opinions as to how to handle things going forward.
Despite the surge in coronavirus cases in recent weeks, crude oil demand in the United States could be on track to increase in the coming months as inventories have been steadily declining since their peak levels in the summer.
The meeting with OPEC+ was set to resume tomorrow, but a late—and a rather surprising—announcement came in the afternoon saying that the meetings had been rescheduled to December 3 as more talks are needed.
Saudi Arabia, as the predominant—and perhaps only—swing producer in the group is said to favor an extension of the current level of oil production cuts, according to an anonymous source who spoke to TASS.
Russia, the country that sank the deal in March over a similar issue, is said to favor a gradual increase in production starting in January.
The UAE, OPEC’s third-most prolific oil producer, is okay with extending the production cuts as-is into January and beyond only after all other OPEC members comply with their cuts. This was precisely what the UAE’s Energy Minister said a couple of weeks ago as well. The UAE made headlines last week after its largest state-run oil company, ADNOC, was rumored to be questioning the wisdom of its OPEC membership during these tough times.
The UAE’s Energy Ministry later issued a statement stressing the fact that it had always been a committed member of OPEC.
– U.S shale production is expected to decline by 140,000 bpd in December, month-on-month, according to the EIA.
– The declines are spread across all major shale basins. The Permian is expected to lose 37,000 bpd, with further losses from the Bakken (-33,000), Eagle Ford (-27,000 bpd), Niobrara (-22,000), and Anadarko (-20,000 bpd).
– Natural gas production is also in decline, with the Permian losing 128,000 mcf/d, and further losses from the Anadarko (-140,000 mcf/d), Appalachia (-133,000 mcf/d), Eagle Ford (-112,000 mcf/d), and smaller losses elsewhere.
– Drillers continue to tap their drilled but uncompleted wells (DUCs) as a source of new production. The DUC backlog fell slightly by 86 in October, the latest month for which data is available.
– Without a larger increase in the rig count, shale basins could continue to decline. Only the Permian has seen a notable increase in rigs in recent weeks.
There has never been a better time to get involved with oil due to the circumstances. The more Biden, OPEC, Saudi Arabia, Russia and the MEDIA attack American Oil the higher oil prices will go.
“If you took a poll and asked people what the single biggest casualty was from the pandemic, very few people would respond with ‘oil’. But no matter who wins the election, US oil production, including shale oil, is about to fall off a cliff, with massive consequences for society. For the setup of our modern way of life, oil is effectively our hemoglobin – and the COVID arrow hit at the heart of the industry as market prices are far below what it costs to extract oil from the ground.”
Call Kingdom Exploration to discuss our current oil investment drilling project. (307) 622-1645
I go over a brief overview of our current Red Hawk Prospect. I give brief understanding on how to go through public records to help learn about oil prospects.
Call Kingdom Exploration to discuss our current oil investment drilling project. (307) 622-1645
Why The Energy Transition Will Be Fantastic For Small Oil Companies
The Covid-19 pandemic has driven major oil producers to invest in new technologies and renewable alternatives sooner than anticipated to keep up with market trends.
this shift to open-up greater opportunities for small producers.
Although the demand for oil has dropped in 2020, it is likely to pick up rapidly in some parts of the world over the next decade. For example, the Asia Pacific region could see a demand increase of 25 percent by 2040 compared to 2019 according to predictions.
However, this demand could shift away from the world’s top oil importer, China, to the Southeast’s other giant, India. India’s demand is set to increase by as much as 5.8 million barrels per day by 2040, according to a 2018 OPEC report.
Call Kingdom Exploration to discuss our current oil investment drilling project. (307) 622-1645
Oil Prices follow basic oil supply demand fundamentals. Oil prices hit $133 dollars quite simply due to US oil production decline and world oil demand increasing.
We have lost over 3 million barrels of oil production in the US. 5 years of oil development gone!
What’s going to happen after the election and the lies about energy stop? Fear and lies stop manipulating oil prices and fundamentals come into play.
Get ready for $100 dollar oil!
Call Kingdom Exploration to discuss our current oil investment drilling project. (307) 622-1645
OPEC+ RUSSIA PUTIN are having a hard time coming to an agreement. The frustration of Shale Fracking not falling to its knees fast enough and oil prices continuing to stay below $50 is bringing tremendous strife amongst the OPEC. Putin in his pride is probably tired of the young prince and can’t stand the hit to his rather large ego regarding his economy. I wouldn’t be surprised if Putin was behind ISIS calling for Saudi Oil Bombings to push oil prices back to $100 dollar oil as his patients for OPEC and America is waning.
Call Kingdom Exploration to discuss our current oil investment drilling project. (307) 622-1645
Since solar and wind and only produce electricity 25 to 30 percent of the time (and sometimes not at all) they need to be backed up by something. No biggie, we’ll just build lots of giant batteries like the ones Tesla is building. That will take care of it! Unfortunately, no it won’t. Large scale battery power is nothing but a fantasy.
Call Kingdom Exploration to discuss our current oil investment drilling project. (307) 622-1645
This morning SPS moved in and rigged up to do an Acid Frack on the Llama 13-1 well as scheduled. We ended up pumping in 4250 Gals of 20% HCL Acid in four stages with a total of 566 BBls of Slickwater. the entire process went well, pumping at a rate of 20 BBls per minute at an average of 680 psi. The instant shut-in pressure was 280 psi, after 15 minutes it was 80 psi. about as good as you could expect.
D&M ran the tubing back in the hole when the frack job was complete. They will come back in the morning, run in the rods & downhole pump, hook everything up, and turn the well back on. By the first of the week we should be seeing oil/gas if not sooner.
After SPS finished the Viola Acid Frack on the 13-1 well, they rigged down and moved over to the Llama 13-2 well, rigged up and started a 12,000# Sand Frack on the Gilcrease formation. Again the frack treatment went well pumping in a total of 14,700# of sand (SPS brought extra so we used it as the job was going quite smooth) with a total of 379 BBls of water and crosslink Gel to carry the sand in. The average pumping rate was 12 BBLs per minute at 1240 psi. The instant shut-in pressure was 960 psi dropping to 830 psi after 15 minutes, indicating we could have some good down hole pressure that is pushing back.
We have the 13-2 well shut-in to let the frack sand settle over the weekend. Monday we start with a few swab runs and then run all of the tubing, rods, and downhole pump back into the wellbore, hook everything back up, and turn it on.