Fraked wells only produces oil in large quantities for a few years. I think the Saudis know this.
False. You are describing tight formations with long horizontals like typically done in shale formations. Hydraulic Fracturing does not create this production curve. Hydro fracs are done in traditional fields with only vertical wells and do not produce that very steep drop off in production. It is a function of the formation, not the method of the stimulation.