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Using 2021 well productivity in the Permian Basin of 175,661 barrels of oil the first 12 months of production life, it will  take 8,727 new Permian wells in 2023 to meet anticipated US crude oil export levels of 4.21 MM  BOPD. The Permian typically only completes 5,500 wells per year.  The cry for moar tight oil from the Permian Basin simply means more oil exports OUT of the Permian. Every well drilled in that Basin in 2023 essentially is for the benefit of other countries.

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My Favorite Video and One I NEED To Show For Awhile

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"This announcement demonstrates Aramco's long-term commitment to China and belief in the fundamentals of the Chinese petrochemicals sector," Mohammed Y. Al Qahtani, Aramco Executive Vice President of Downstream, said in a statement.

 Stuff  To Think About 
We Don't Need No Stinking Regulations .png
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            The History of Oil Well Firefighting & Blowout Control 

Oily Art by Mike.JPG
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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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