199 comments on Extracting Heavy Oil: Using Toe to Heel Air Injection (THAI)
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GAIA Host Collective
Bob, Just a few comments. 1. Only one injector well is required per horizontal well. 2. I think it would be better to count on 900 bpd per well pair, not 1200 3. Your $60 bbl net price is probably much to high, at least for now! If CAPRI works as planned you have to determine what is crude with an API of 20 to 25 worth.
http://www.sproule.com/prices/hvyoil_history.htm
Without CAPRI, an API of 15 would be closer to the mark. I do not know about your land cost and other expenses. Perhaps someone else can chime in here. I do know that Petrobank is estimating $15,000 per flowing barrel. SAGD is probably closer to $30,000 per flowing barrel and I've heard of mining projects (Fort Hills) at over $90,000 per flowing barrel.
Don
The reason I threw in a land cost is that Pterobank obviously paid the Canadians for a lease. It may be way out of line, if they'd chime in I'd be happy. But they obviously have purchased some other acreage which is not suitable-almost any project does. A million dollars G&G adds something for their office overhead and 3D seismic, which is very expensive, at least $3 million a square mile, maybe a lot more out in the boonies of Alberta. They are upfront costs. Same way with throwing in a million $ for pipeline and infrastructure. That may be way off base, but they need an oil pipeline to the main oil pipeline going south, roads to truck in equipment, probably work camps for its employees out there. If you spread it out over 1,000 welss it really decreases, but it looks right now like there are enough fewer wells to where its a significant expense. So maybe my extra 3 million or so per well is too much, or not enough, as I said, I'm just trying to figure out if they have something worth persuing-and I have. Its worth persuing, I have decided thay have something that will make the Alberta stuff economic.
And they have something that will possibly make tertiary development here in the states worthwhile, certainly for me and my little plans. I'll be happy to email you what i'm working on so you can take a look, just send me your address to my name, 2004 after at Yahoo.com, all lower case and run together. Bob Ebersole two thousand four at Yahoo.com.
I hate to get more specific because of the spam spiders. My penis saisfies me at its present length, thank you and no, I don't need a new foreign pharmacy or a mortgage.
I just hate to either blindly accept or reject an idea unless I can understand it and look at some figures. That's why I've been so interested in quantifying this a little. And also, Don, I don't want anyone to either accept or reject this as a solution without looking at it themselves, thats why I posted back on drumbeat and have tried to be fair. At any rate, thanks for your help and feedback