20 years Petroleum Geology, 25 years Appraiser, author of "Appraisal of Mineral Rights" - found on Amazon.

Author Archives: tshields

Lithium – Look Before You Lease

The lithium boom of S Arkansas begs the question of how to pay the royalty owners. This is a problem as it is not like normal oil and gas production. The lithium carbonate is gleaned from the tailwaters of the bromine plants and so the owners are paid a per acre royalty there that is annually adjusted to… Read More »

Exploring for Lithium – Mineral Owners Beware

Several years ago Standard Lithium, a Canadian and German specialty minerals company, under the flag name of the Lanxess lithium project, began testing the idea of extracting Lithium from the tail waters of a bromine extraction plant in El Dorado, Arkansas.  The original wells were from the Smackover formation, an early producing oil field which basically had played… Read More »

Export Oil Ban is a Dumb Idea from a Dumb Senator

From Oilprice.com “Block All New (BAN) Fossil Fuel Exports Act, legislation that would amend the Energy Policy and Conservation Act and ban the export of American crude oil and natural gas abroad to protect frontline communities from dangerous export infrastructure, prioritize U.S. consumers against fossil fuel profiteering, and help ensure the United States meets its climate and clean… Read More »

To Ell in a Handbasket

The experts in the Government when queried by a legislator about how much carbon dioxide was in the atmosphere, guessed from 5% to 8%. But in reality it is about 400 PPM – 0.04 of 1%… This is the caliber of morons who are running the EPA and other agencies making critical decisions about the future of this… Read More »

Permian Associated Gas is Damaging the US Markets

Half the USA rigs running today are running in the Permian basin. The Permian cannot do it all. Further, the rigs are seeking oil yet the Delaware and other parts of the Permian play are gas basins, not oil. The use of fracking and horizontal drilling is getting some oil, but these wells can quickly degenerate into mostly… Read More »

The Impossible Green Goal

The environmentalists believe that carbon dioxide is so evil they are in a mad rush to develop electric vehicles (EVs) and replace all gas engines by 2035. I have news for them.  EVs are not going to cut it.  They have a lot of disadvantages. First, they are not all that green. The breakeven point considering all the… Read More »

The Energy Endgame is Unknowable

The energy end game is unknowable. But let’s sum it up.  Winter has been mild. This, not “renewables” has saved Europe so far. Further taking coal and nuclear plants out of mothballs is helping, not building more wind turbines and solar panels. The oil business collapsed when demand collapsed in early 2020.  Gasoline prices jumped almost from the… Read More »

Why Natural Gas is a Bottleneck for Permian Producers

To show that drilling is concentrated in W. Texas, the graphic below shows where and how many rigs are running today. The “Permian” Basin shows to have more than half of all rigs today. Texas has 2/3rd of all rigs and they are producing mostly horizontal “unconventional” “liquids rich” oils – in other words, the oil is light… Read More »

Potpourri of Environment & Oil

After gasoline prices falling for weeks, that reversed with rise of 20¢ or more since July lows. But as I write mid-October oil prices have fell after the OPEC+ meeting to reduce production in the Middle East and Russia.  This move is less than it appears in my opinion. OPEC is anticipating that the economy will go into… Read More »