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To: thackney

I’ll never understand these “panties in a wad” scare stories. This is nothing more than the dynamic balancing of supply and demand in a free market. High-cost wells get taken out of service first. Supply falls to meet the demand curve. When prices rise, wells get put back into service.

Maybe the authors would like to write stories in communist countries where supply and demand simply are not allowed to operate. Of course, if they did that there, they would lose their heads pretty quickly.


17 posted on 01/12/2016 1:51:57 PM PST by ProtectOurFreedom
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To: ProtectOurFreedom
When prices rise, wells get put back into service.

Stripper wells, went taken out of service typically will never come back.

If the production is stopped beyond a certain time, it has to be plugged with concrete.

Given the low production rate, if prices rise, nobody will spend the money redrilling a known very low producer.

18 posted on 01/12/2016 2:05:12 PM PST by thackney (life is fragile, handle with prayer)
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