Israelis just discovered a few trillion ft in their waters in the Med Sea. They won’t be running out for a while.
“”Israelis just discovered a few trillion ft in their waters in the Med Sea. They won’t be running out for a while.””
And neither will we! Hell we’re just now tapping into the Cline Shale here in the Permian Basin. We’ve got 72 wells on the ranch and all but the last 6 were TD’d in the Wolfcamp play. We picked out 4 of the older wells and are in the process of doing re-entries with one completed and cores taken from the upper Cline. We’re taking them down another 1200 ft. This same situation is all over the Permian Basin when the Wolfcamp was the hot zone. At the time they were drilled nobody knew about or didn’t have the money to take them down past 9000 ft. It’s a whole new ball game now.