Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Errant
hat means that your costs have almost tripled in the last 10 years

Look at the drilling cost as an example. I believe the cost per well has more than tripled in 10 years.

Because the decade before that, y'all were selling oil at less than $30 a barrel and making a nice profit.

While less was invested, production declined until demand pushed it up. There is no question that we had access to cheaper, shallower, easier to produce fields back then. Horizontal drilling was uncommon, it didn't require more than a dozen stages of hydraulic fracturing to make an economical well.

So is it your claim the expenses in the 10-K and Annual reports are faked? Do you think their is a hidden pile of money growing under the mattresses?

26 posted on 04/14/2012 8:29:48 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 25 | View Replies ]


To: thackney
So is it your claim the expenses in the 10-K and Annual reports are faked?

Maybe they need to better breakout the salaries/bonuses/ROI of your presidents/vice-presidents/investors and other.

I know the workers haven't seen a tripling of their salaries in the last 10 years, knowing many personally. And as a land owner, on average, the leases haven't increased that much, and I did retire early! :)

28 posted on 04/14/2012 8:43:56 AM PDT by Errant
[ Post Reply | Private Reply | To 26 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson