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Cougar Dome, LLC
Cougar Dome, LLC
OIL PRICES THROUGH TIME/REAL DOLLARS
Cougar Dome, LLC
1908
• Everett Degolyer (future Chief Geologist for Amoco) is advised by his geology professor-”you boys were born to late for oil geology. All of the big oil fields have been discovered-Spindletop, Glenn Pool, Illinois, California.” There is no future in oil.
Cougar Dome, LLC
HOUSTON WAS NOT A NICE PLACE TO BE
Cougar Dome, LLC
SHALE BASINS WORLDWIDE
Cougar Dome, LLC
N.A. SHALE BASINS
Cougar Dome, LLC
JUST DRILL DEEPER
Cougar Dome, LLC
HOW DO WE GO GET THOSE HYDROCARBONS?
Cougar Dome, LLC
DIRECTIONAL DRILLING BOTTOMHOLE ASSEMBLY
Cougar Dome, LLC
HYDRAULIC FRACTURING OF WELL
Cougar Dome, LLC
GETTING BETTER AT IT
Cougar Dome, LLC
SO, WHAT DOES ALL THIS MEAN?
Oct-1995 Jul-1998 Apr-2001 Jan-2004 Oct-2006 Jul-2009 Apr-2012 Dec-20140
20000
40000
60000
80000
100000
120000
Data 1: U.S. Liquefied Natural Gas Imports (MMcf) N9103US2 U.S. Liquefied Natural Gas Imports (MMcf)
Data 1: U.S. Liquefied Natural Gas Imports (MMcf) N9103US2 U.S. Liquefied Natural Gas Imports (MMcf)
Cougar Dome, LLC
19 BILLION UP FRONT
Cougar Dome, LLC
ANDERS FOGH-RASMUS (NATO CHIEF)
Cougar Dome, LLC
WHY?
Cougar Dome, LLC
WHY?
Cougar Dome, LLC
RESULT
Cougar Dome, LLC
EUROPE
Cougar Dome, LLC
OBAMA TELLS EUROPE TO GO FRACK THEMSELVES
Cougar Dome, LLC
NOT SO EASY
Cougar Dome, LLC
PIPELINES RUN THE WRONG WAY-HAVE STARTED TO FIX THAT
Cougar Dome, LLC
RUSSIA/CHINA $400 BILLION DEAL
Cougar Dome, LLC
A GREAT DEAL OF WORK TO BE DONE
Cougar Dome, LLC
WHAT IT MEANS TO THE WORKING PEOPLE
Cougar Dome, LLC
TAKEN AT A WALMART IN NORTH DAKOTA
Cougar Dome, LLC
SUMMARY
• U. S. - ENERGY SECURITY - MORE GAS/FEWER WELLS - SPREADS AROUND THE WEALTH• EUROPE - THEY HAVE ABOUT 10 YEARS OF HARD WORK IN FRONT OF THEM