RECENT POST STUFF
60% of all of America's new production "records" now comes from unconventional shale and shaley carbonates. 53% of that LTO comes from the Permian Basin. The much larger
Delaware sub-basin in the Periman, where America has placed all of its abundance hopes, is gassy and getting gassier... and oil productivity per well, when normalized for lateral length appears to be plateauing. Courtesy of Shaleprofile.com
If you are interested in the future of shale oil you need to get to know
this lady very well. She is The Red Queen...
"Here are some staggering figures on US shale.
If Permian completes only 5,500 wells in 2020 down
from 6,023 wells in 2019. Production would increase
year on year by 400k b/d... but exit to exit would be flat." HFI Research
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