Goodbye $45
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"It's one of the reasons this is going to be an extended process," said Mike Wittner, head of oil research at Societe Generale in New York. "The bigger the fracklog is, the more it's going to slow the rebound. It means production is going to come back that much more quickly, and it'll drag on any recovery."
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Getting ugly XOM down to 83s and CVX gonna break 100
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Getting ugly XOM down to 83s and CVX gonna break 100
So you're saying it's a good time to start adding?
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ND definitely taxes production.
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Getting ugly XOM down to 83s and CVX gonna break 100
So you're saying it's a good time to start adding?
quote:Nope. Otherwise we would be drilling those fields and not shale fields.
pardon me for me naivete but do we have any saudi-equivalent easy oil patches with shallow highly permeable rock that makes for cheap drilling?
quote:Bingoquote:Nope. Otherwise we would be drilling those fields and not shale fields.
pardon me for me naivete but do we have any saudi-equivalent easy oil patches with shallow highly permeable rock that makes for cheap drilling?
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pardon me for me naivete but do we have any saudi-equivalent easy oil patches with shallow highly permeable rock that makes for cheap drilling?
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Eff it. Let it crash & OPEC will along with it. It's going to suck, but probably the best thing that can happen in the long run.
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Just informed of global contractor pay reductions at RDS. They let one guy go in my group since they did not have the budget for the both of us.
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pardon me for me naivete but do we have any saudi-equivalent easy oil patches with shallow highly permeable rock that makes for cheap drilling?
Yes, but they were depleted years ago. Look at the Yates field.
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Just informed of global contractor pay reductions at RDS. They let one guy go in my group since they did not have the budget for the both of us.