Number of active oil rigs drops by 43; NM gains 2

Full story: KOB.com Eyewitness News 4 - New Mexico

New Mexico added two rigs actively exploring for oil and natural gas this week, while the national number of rigs dropped by 43 this week to 1,721. Houston-based Baker Hughes Incorporated reports today that of ...

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Oiler

Albuquerque, NM

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#1
Dec 27, 2008
 
Can anyone explain why it is so important that weekly and sometimes daily they have to report how many oil rigs NM has?

If this is the best "news" around I can understand but I am sure there is more important news to report.

And who cares if we lose or gain a rig or two?

“26.2”

Since: Feb 08

Santa Fe, NM

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#2
Dec 27, 2008
 
Some people will tell you that the number of rigs drilling is a measure of the health of our economy. But the real reason that Americans are so fascinated with drill rigs is because of the sexual connotation.
Vitara

Pleasanton, CA

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#3
Dec 27, 2008
 

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Lobo Viejo wrote:
Some people will tell you that the number of rigs drilling is a measure of the health of our economy. But the real reason that Americans are so fascinated with drill rigs is because of the sexual connotation.
That finally did it > You are really one sick person . Your attempt at humor also does not attain it's objective.

“26.2”

Since: Feb 08

Santa Fe, NM

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#4
Dec 27, 2008
 

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Vitara wrote:
<quoted text>That finally did it > You are really one sick person . Your attempt at humor also does not attain it's objective.
Gee, it must be a really long time since you have gotten any. That explains why you are so miserable and mean spirited.
Vitara

Pleasanton, CA

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#5
Dec 27, 2008
 
Lobo Viejo wrote:
<quoted text>
Gee, it must be a really long time since you have gotten any. That explains why you are so miserable and mean spirited.
You got that right !! And I have to renew my passport so I can go "away" again .

“26.2”

Since: Feb 08

Santa Fe, NM

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#6
Dec 27, 2008
 
Vitara wrote:
<quoted text>You got that right !! And I have to renew my passport so I can go "away" again .
Why go overseas to get your rocks off? Just visit one of the brothels in Nevada.
Vitara

Pleasanton, CA

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#7
Dec 27, 2008
 
I wouldn't set foot anywhere Harry Reed has been !! And passport is not for pleasure; I will assure you of that
BILLY

Calgary, Canada

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#8
Dec 28, 2008
 
THEY ARE DRILLING RIGS,NOT OIL RIGS.22 TO 25 PEOPLE PER RIG.10 RIGS GO DOWN,220 TO 250 OUT OF WORK.NM LOSES MILLIONS IN REVENUES WHEN DRILLING/EXPLORATION GOES DOWN.PEOPLE GETTING LAID OFF ALL OVER,NOW THEY CAN'T EVEN AFFORD CHEAP GAS.

Since: Dec 08

Location hidden

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#9
Dec 28, 2008
 
BILLY wrote:
THEY ARE DRILLING RIGS,NOT OIL RIGS.22 TO 25 PEOPLE PER RIG.10 RIGS GO DOWN,220 TO 250 OUT OF WORK.NM LOSES MILLIONS IN REVENUES WHEN DRILLING/EXPLORATION GOES DOWN.PEOPLE GETTING LAID OFF ALL OVER,NOW THEY CAN'T EVEN AFFORD CHEAP GAS.
In the real world they are called WILD CATTERS, drilling wildly hoping to find oil and make a fortune but we all know it is nothing more then a big tax write off for the oil industry.

“26.2”

Since: Feb 08

Santa Fe, NM

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#10
Dec 28, 2008
 
Bluntly Spoken wrote:
<quoted text>
In the real world they are called WILD CATTERS, drilling wildly hoping to find oil and make a fortune but we all know it is nothing more then a big tax write off for the oil industry.
I don't think this is a fair characterization. The areas being drilled by wildcatters have some probability of producing hydrocarbons. They typically do not drill in areas other than in of sedimentary basins, such as granite shields, that have little or no potential. If you don't like oil exploration, which is necessary to continue to supply mankind's insatiable thirst for gasoline, then sell your car and ride a bike.

“Old Sailors Never Die.”

Since: Aug 08

Land of The Brave

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#11
Dec 28, 2008
 
Bluntly Spoken wrote:
<quoted text>
In the real world they are called WILD CATTERS, drilling wildly hoping to find oil and make a fortune but we all know it is nothing more then a big tax write off for the oil industry.
A lot of study goes into where to drill. Geological studies, test holes and seismic tests, to name a few.

The days of cutting a peach branch and witching for oil are long gone.

Since: Dec 08

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#12
Dec 28, 2008
 
Lobo Viejo wrote:
<quoted text>
I don't think this is a fair characterization. The areas being drilled by wildcatters have some probability of producing hydrocarbons. They typically do not drill in areas other than in of sedimentary basins, such as granite shields, that have little or no potential. If you don't like oil exploration, which is necessary to continue to supply mankind's insatiable thirst for gasoline, then sell your car and ride a bike.
I did not say I don't like them or that they should not drill, I simply said what they are called and that for the petroleum industry it is a tax write off.

I am aware in order to find fuel they need to drill for it and hope they hit it on the first try.

As for riding a bike, well would my exercise stationary one count?

Since: Dec 08

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#13
Dec 28, 2008
 
Whisky River Crabb wrote:
<quoted text>
A lot of study goes into where to drill. Geological studies, test holes and seismic tests, to name a few.
The days of cutting a peach branch and witching for oil are long gone.
Understood, to simply pick a spot and set up a rig today would be foolish not to mention most likely illegal unless the property is owned by those setting up the rig and drilling.

“26.2”

Since: Feb 08

Santa Fe, NM

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#14
Dec 28, 2008
 
Whisky River Crabb wrote:
<quoted text>
A lot of study goes into where to drill. Geological studies, test holes and seismic tests, to name a few.
The days of cutting a peach branch and witching for oil are long gone.
The legendary wildcat heydays of east Texas in the 1930's and 40's, coupled with the sexual connotation associated with a drill rig, still fuel America's fascination with oil exploration.

“26.2”

Since: Feb 08

Santa Fe, NM

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#15
Dec 28, 2008
 
Bluntly Spoken wrote:
<quoted text>
As for riding a bike, well would my exercise stationary one count?
That's a good start if you telecommute for work and do all your shopping on the internet. Reduces your carbon footprint also.
kasinogolfer-bil ly

United States

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#16
Dec 30, 2008
 
govt leases land rights,oil co. gets mineral rights,land owners get what they can.oil co makes their money,pay taxes ,local,state,federal receive lots of money.If oil per barrel stays low;gas stays low & they don't drill.A wildcat is a well drilled in an unproven field.A wildcatter nowdays is the oil co. that drills the well and takes the chance that oil or gas is there;FYI!! I'm a rig manager in SE NM so I kind of know the business!!!
DUH

Roswell, NM

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#17
Jul 6, 2009
 
Oiler wrote:
Can anyone explain why it is so important that weekly and sometimes daily they have to report how many oil rigs NM has?
If this is the best "news" around I can understand but I am sure there is more important news to report.
And who cares if we lose or gain a rig or two?
People who work in the oilfield feed there familys so we CARE!!!!
DUH

Roswell, NM

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#18
Jul 6, 2009
 
OK who cares about the oil rigs well when were drilling theres LOTS of money coming to town but when were not theres lots of people your paying for,unemployment,food stamps not to mention kids go hungry people lose there homes,cars.We care .

“26.2”

Since: Feb 08

Santa Fe, NM

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#19
Jul 6, 2009
 
The money is nice, but there is nothing quite like the thrill of guiding a big throbbing monster of a drill rod as it penetrated deep into....well, you all get my point.
WorkingStiff

Albuquerque, NM

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#20
Jul 7, 2009
 
kasinogolfer-billy wrote:
govt leases land rights,oil co. gets mineral rights,land owners get what they can.oil co makes their money,pay taxes ,local,state,federal receive lots of money.If oil per barrel stays low;gas stays low & they don't drill.A wildcat is a well drilled in an unproven field.A wildcatter nowdays is the oil co. that drills the well and takes the chance that oil or gas is there;FYI!! I'm a rig manager in SE NM so I kind of know the business!!!
Thats Kewl!! Where do you get your well control training at?

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