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"The Permian Basin Is Depleting Faster Than We Thought"

Goehring & Rozencwajg Natural Resource Market Commentary

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This Goehring and Rozencwajg quote is 100% correct; 2 1/2 counties in the Delaware Basin and 3 1/2 counties in the Midland Basin. The biggest operators in these six counties are already suffering from pressure depletion related liquids productivity declines. Gassy oil wells are turning into oily gas wells. These six counties continue to get hammered by new wells and new drilling permits in core areas.

Six counties in Texas, in a basin already 100 years old and that has produced close to 34 G BO.
Just six counties in Texas make up worldwide production growth.

What happens when these six counties are exhausted in a few years? What happens to America? 

 
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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.   

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