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Stuff To Think About
Video Stuff
Everybody in the oilfield makes their livings in different ways. Many pompous asses, for instance on Twitter, would think this video represents a chicken shit way of making a living compared to the glamerous, big rig stuff in the shale business.
I can tell you with all truthfulness, after gravel packing this well it will make 10 times more profit than the best tight oil well ever drilled in the United States.
Big oil production numbers, or big NON-GAPP accouting money, does NOT equal profit.
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Real oil men and women get this.
Quote Stuff
Kaes Van’t Hof, chief financial officer of Midland-based Diamondback Energy, presciently observed in February that “we could run the gas price to zero in the Permian and still make great returns on oil wells.”
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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.