Posted on 09/03/2025 11:22:31 AM PDT by Miami Rebel
Oh I see what happened. I quoted % losses.
That’s not dollars. That’s % loss of barrels/day coming out of the ground year to year. Not money loss. Output loss.
As violence falls in Iraq, cemetery workers feel the pinch
Excerpt:
A drop in violence around Iraq has cut burials in the huge Wadi al Salam cemetery here by at least one-third in the past six months, and that's cut the pay of thousands of workers who make their living digging graves, washing corpses or selling burial shrouds.
-PJ
They could be throttling back on purpose, hoping to get a rise in the price of oil.
If you mean the Permian, it can’t work that way.
Shale wells drill horizontal and die vertically. Meaning on the production graph. Unlike conventional wells, fracked shale wells are producing too little to justify expenses within about 4 years. Contrasted with Saudi Arabian wells in decline, but still producing after 60 years.
If output of those legacy shale wells dies sharply, and there is no new drilling / wells to counter that decline, then the company as a whole dies. So in the world of shale, if there is decline, it is always involuntary — something prevents the new drilling.
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