Exxon is in trouble for over exaggerating EUR's in Permian Basin. Link is on the Forum
"The supply shortfall will deepen in the second half of the year as the deployment of vaccines revives economic activity, giving Saudi Arabia and fellow OPEC+ nations an opportunity to open the taps. That would herald a turning point for the alliance -- the payoff for years of sacrificed sales to prop up the market." Bloomberg 1.21
Here's a little covey of Eagle Ford shale oil
wells in S. Texas I had interest in that cost a cool
$38MM or so and won't recover enough in their
sorted lives to pay back 60% of those costs. That means they're above average.
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