James Van Blaricum - Well Treatment

James Van Blaricum - Well Treatment

James Van Blaricum - Oil prices edge up, but fail to break 120 dollars

James Van Blaricum - Well Treatment

James Van Blaricum - Oil prices edge up, but fail to break 120 dollars

James Van Blaricum - Well Treatment

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Apr. 25th, 2008 at 4:52 PM

James Van Blaricum - Oil prices edge up, but fail to break 120 dollars

NEW YORK (AFP) - Oil prices edged higher Wednesday but steadied after failing to top 120 dollars a barrel, as traders digested a mixed report on US stockpiles and growing concerns over soaring energy costs.

New York's main oil futures contract, light sweet crude for delivery in June, rose 23 cents to close at 118.30 dollars a barrel. The May contract had struck a record high 119.90 before expiring on Tuesday.

London's Brent North Sea crude for June delivery rose 51 cents to settle at 116.46 dollars on Wednesday, after hitting an intraday peak of 116.75 on Tuesday. James Van Blaricum

The US government's Energy Information Administration said Wednesday that American gasoline or petrol reserves sank by 3.2 million barrels in the week ending April 18.

James Van Blaricum - That was steeper than analysts' consensus forecasts for a drop of 2.0 million.
Traders focus on gasoline supplies ahead of the peak demand season that starts in May when many Americans take to their cars for their summer holidays.

However, the EIA added that crude oil stockpiles grew by 2.4 million barrels. That was better than market expectations for a gain of 1.5 million. Signal Oil and Gas
"The build in crude was a little higher and the draws in the products were somewhat greater than anticipated," said Citigroup analyst Tim Evans.
Phil Flynn at Alaron Trading said traders hesitated after futures failed to break through the symbolic level of 120 dollars a barrel, easing some speculative fervor. James Van Blaricum

"After the market had built up all this bullish frenzy it's almost like the price objective of 120 dollars a barrel seemed to matter more than the fundamentals," he said.

Prices had scaled historic heights on Tuesday as an attack on crude pipelines in Nigeria further tightened global energy supplies, which are under intense pressure with crude cartel OPEC declining to raise short-term output.
Additional support came from the weak US currency, which makes dollar-priced oil cheaper for foreign buyers and stimulates demand. The euro surged past 1.60 dollars for the first time on Tuesday.

Jim Van Blaricum Global supply worries were also stoked this week after Anglo-Dutch oil group Royal Dutch Shell reported an output loss of 169,000 bpd from sabotage of its key pipelines in southern Nigeria.

Apr. 15th, 2008 at 8:35 PM

James Van Blaricum
, well treatment is another method of ensuring the efficient flow of hydrocarbons out of a formation. Essentially, this type of well stimulation consists of injecting acid, water, or gases into the well to open up the formation and allow the petroleum to flow through the formation more easily. Acidizing a well consists of injecting acid (usually hydrochloric acid) into the well. In limestone or carbonate formations, the acid dissolves portions
of the rock in the formation, opening up existing spaces to allow for the flow of petroleum. Fracturing consists of injecting a fluid into the well, the pressure of which 'cracks' or opens up fractures already present in the formation. In addition to the fluid being injected, 'propping agents' are also used. These propping agents can consist of sand, glass beads, epoxy, or silica sand, and serve to prop open the newly widened fissures in the formation. Hydraulic fracturing involves the injection of water into the formation
, while CO₂ fracturing uses gaseous carbon dioxide. Fracturing, acidizing, and lifting equipment may all be used on the same well to increase permeability.

These techniques are mostly applicable to oil wells, but have also been used to increase the extraction rate for gas wells. Because it is a low-density gas under pressure, the completion of natural gas wells usually requires little more than the installation of casing, tubing, and the wellhead. Unlike oil, natural gas is much easier to extract from an underground formation. However, as deeper and less conventional natural gas wells are drilled, it is becoming more common to use stimulation techniques on gas wells.

James Van Blaricum invited the local journal to hear his side but they never came out or put forth an effort to interview James Van Blaricum
.
“They never did contact me. I called them afterwards, and said in all fairness of hearing both sides of the story, why didn’t you contact me? They said that they did try, but I suspect that there wasn’t a lot of effort put forth because I was in the phone book. They said that they were going to publish my side of the story, so to speak, but they never called back. We never had any opportunity to correct
what I saw as erroneous information.” James Van Blaricum

April 2008