Wish I knew the source data for this - it's a repost from @WhiteTundraSG on Twitter. My other account on this site is firstname.lastname@example.org but your guard dog security program won't let me reset my password.
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I think I was able to duplicate the chart you posted with novilabs based on the top 5 operators in SE NM:
You may be correct about Lea and Eddy Counties flattening out.
I noticed that you are in midstream. Would you happen to know where the produced dry gas in Lea and Eddy counties is used/consumed? Is it sent to the west coast and is the market hub for SE NM Waha?
I think it is interesting that 4 of the top 5 producers in SE NM are ranked as the 2nd (XOM), 3rd (DVN), 4th (EOG) and 6th (COP) ranked gas flaring companies for the years 2018-2023 YTD. It appears to me anyway that less gas is flared in SE NM than the Midland basin which I suppose is attributable to the Federal and State leases in NM vis-a-vis Texas.
EOG in Lea County, New Mexico. The largest tight oil producer in the country, the 2nd largest in the Permian Basin, in the most productive county for tight oil in the United States.
Why is well quality deteriorating; this is EOG "Double Premium" Grade A, Primo country...just look at its investor presentations? It says its got 20 years of drilling left in this country.
Overdrilling, Baby, Overdrilling. Oily gas wells and pressure depletion.
Thank you for posting this Anne !! I hope you are well. I am happy you check in from time to time.
There is a Bloomberg article out now about how many more wells are being drilled in the Permian but production levels don't match the drilling activity; Twitter experts blame it on DUC's. What if it is that well quality is declining, that on a liquids basis, and liquids that count (not NGL's)... wells are getting worse?
Why is that so damn hard for people to get?
This Reuters piece is right, finally, after 18 months, but it's really Lea County that is the center of the US tight oil universe. The Texas Delaware has been in decline for over 18 months, but once again, that is bad news and we best not discuss bad news. You know, in America we like to wait to deal with disasters, after they become disasters, not before.