Fredd said:ttha_aggie_09 said:
While I suspect foreign actors are involved, I think the main driver is the economic feasibility of alternative energy. Until gas gets back to $4/gal+, renewables and alternatives don't have a chance, unless subsides are massive.
Do you all think fringe shale acreage is set to become more active once commodity prices rise? I'm thinking of plays like:
-SCOOP/Merge
-Central Texas EF
-Shallow Permian
Should be interesting to see how this plays out.
Scoop/Stack can be a serious pain in the ass. I'd get a few days notice and have to protect a ton of nearby wells from frac hits. I'd ask for more lead time on the notices, and that request was basically ignored every time. You can drill some great wells, but if you've got a high well count with another active operator nearby...you are in for a ride.