Video Stuff
Timelapse sequence video of a Marathon well being drilled in the Eagle Ford shale play of South Texas. Very cool!
Quote Stuff
"A broken growth cycle and years with a Reserves Replacement Ratio (RRR) below 100% with the subsequent rapid decline in estimated remaining Proven Developed Producing (PDP) reserves creates a negative momentum that results in stresses building on the balance sheets, which shifts focus on managing financial leverage within loan covenants." Rune Likvern
Hundreds of Thousands of Stripper Wells;
Massive Liability Or Golden Opportunity
A great article on the JPT...in News Stuff
A visualization of 2016 shale oil decline if no further
wells were drilled, modeled from actual realized
production data with State agencies.
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I do this blog stuff for fun, not to make money. I am not trying to sell you anything.
The materials provided on this site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. I may make data related mistakes occasionally; if you use my opinions about oil reserves or shale well economics for financial purposes, to buy or sell stocks, your nuts. Don't do that. If I have used a photograph incorrectly it was for educational purposes and I have done my best of to give credit where credit is due. My stories are all true, slightly embellished, perhaps, but true; I don't change names to protect the guilty. I am as accurate as possible about history and historical facts; I work very hard at that.All rights are reserved, whatever that means. Don't blame me, I didn't do it.