30 years deep. Gimme a holler.
Heads up. CNBC radio if you can find the interview.
Interviewed Scott Sheffield, former owner/CEO of Pioneer Natural Resources — sold some time ago to Exxon.
The quotes were something like this:
“People are completely oblivious to what is happening in US shale. Pioneer’s Tier 1 inventory will be gone by 2027. Tier 2 by 2032. The good spots are drilled and done.”
The various people then weighed in with their talk of Twilight in US Shale (a takeoff of Twilight in the Desert, the book about Saudi Arabia not being infinite.
It being CNBC, much of it was focused on oil price and influence thereof. A few noted that it is about 10X more important than oil price.