“While the mechanisms of production are different, the result, decades of low flow production is not.”
Speaking as a reservoir engineer, I can say without a doubt they are not the same results.
We will see quite a different setup of strippers over the next decade.
It will be an interesting twist on how US production responds on future periods of price turbulence. As an example, a higher % of these strippers will be in the hands of larger operators in the unconventional fields, so there will be more unison on more wells than exists currently in the mom and pop operations.
I'm all for learning more. I've a couple decades in oil/gas/petrochem work but my role is always above the ground and downstream of the christmas tree.
I can say without a doubt they are not the same results.
Then I am missing the point. Certainly not the first time.
A significant percentage of our nation's oil production is in marginal wells, hundreds of thousands of them. How will adding a a couple hundred more significantly alter our market?
I’m confused. Are you comparing or contrasting fracking wells with conventional wells?