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“When these companies merge, it’s not necessarily one plus one equals three in terms of development plans. They’re all cutting rigs, they’re cutting track crews,” said Timm Schneider, founder and CEO of Schneider Capital Group. They are effectively controlling supply. “On the margin, that’s constructive for oil prices.”

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Lots of cheerleading going on right now about how Tier 1 and Tier 2 level, secondary benches will save the day and provide 
years more drilling oportunities, like the Wolfcam C&D, Dean and Jo-Mill in the Midland Basin and Wolfcamp C&D in the 
Delaware Basin. Nobody offers up proof, of course, these secondary benches will be anymore economic than the primary 
benches, which are suffering tight now because ot natgas prices.  Remember, after 10 years and nearly 75,000 HZ wells in the 
Permian Basin these guys aren't stupid; they've drilled their best stuff, first. 


 
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 Stuff  To Think About 
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There is likely close to 300,000 unconventional HZ oil and gas wells in this map of Middle America, all drilled since 2002 (gas) and 2009 (oil) and these wells and the infrastructure to gather oil and gas from those wells have probably cost something in the order of $ 3.0 trillion, USD. 

​

There are internet exports all over America saying we can do this again over the NEXT 25 years. 

​

Where is the money going to come from, where will the water come from to frac them, where will they dispose the produced water when it comes out of the ground and just where in the holy hell are you going to PUT the damn things?  The US shale oil and gas  hotel is full up.

HZ laterals already look like a big 'ol bowl of noodles down there in those bright orange spots; they interfere with each other, water cuts are going up and EUR's down. 

 

Wake up, America. Exports need to stop, now, and conservation needs to start!  

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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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