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Big Oil and Gas 24: 2024 10 26 Tripping for Bit

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When discussing the future of the oil and gas industry beyond 2024, it is important to consider the unscientific use of the propaganda term "pollutant" when referring to CO2 gas. While people often label CO2 as a "Greenhouse Gas", it's important to remember that CO2 is necessary for all plant life, and mammals exhale CO2 as a natural part of their bodily functions. Therefore, labeling CO2 as a pollutant is wrong. Do Not Comply if necessary, California government officials could be informed of these facts.

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CO2?

When discussing the future of the oil and gas industry beyond 2024, it is important to consider the unscientific use of the propaganda term "pollutant" when referring to CO2 gas. While people often label CO2 as a "Greenhouse Gas", it's important to remember that CO2 is necessary for all plant life, and mammals exhale CO2 as a natural bodily function. Therefore, labeling CO2 as a pollutant is wrong. Do Not Comply if necessary, California government officials should be informed of these facts.

Oil Patch 2024

Oil Patch 2024
Oil Patch 2024

Oil Patch Nov 13, 2024

Oil Patch Nov 13, 2024
Rig 88 Nov 13, 2024

Saturday, October 26, 2024

2024 10 26 Tripping for Bit

2024 10 26 Tripping for Bit

Oct 25, 2024

This morning, Saturday, October 26, 2024, 6:00 am MST, we are drilling at 9,911’ TD, 15 fph. We made 24‘, averaging 7 fph (2 fph min, 15 fph max). P rates decreased significantly from yesterday as it became increasingly more difficult to maintain the desired trajectory. As a result, the decision was made to trip for a new bit and change out the BHA (“Bottom Hole Assembly”) to a more aggressive configuration. The total trip took 19 hours. The bit definitely needed to be pulled. Many of the cutters were worn, chipped, or cracked (see attachment). The condition of the bit is the result of slide drilling, required to maintain the desired trajectory to our target (“fighting Green Mountain”). This is nothing out of the ordinary and was expected.
 
Today's video is entitled “Tripping for Bit”. The rig crew is POOH (“Pulling Out of Hole”) and they are at the MWD BHA that contains all the electronics used to guide the trajectory of the bit. Last but not least, they get to the bit, break it out, and examine its condition. Things can get a tad bit messy on the floor with all the excess mud that drains from the drill string. The hand in the maroon sweatshirt is Mr. Hayden Sullivan, the newest member of the LSOG team! Hayden has been with us for about 10 days showing great promise! Welcome to the LSOG family Hayden!





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Investor and Operations Update Presentation -- Tuesday, 4/8/2025

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