Cougar Dome, LLC. OIL PRICES THROUGH TIME/REAL DOLLARS Cougar Dome, LLC.

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Presentation transcript:

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? Cougar Dome, LLC

19 BILLION UP FRONT Cougar Dome, LLC

ANDERS FOGH-RASMUS (NATO CHIEF) Cougar Dome, LLC

WHY?

WHY?

RESULT

EUROPE

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 Cougar Dome, LLC