Timelapse sequence video of a Marathon well being drilled in the Eagle Ford shale play of South Texas. Very cool!
"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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