I'm all for learning more. I've a couple decades in oil/gas/petrochem work but my role is always above the ground and downstream of the christmas tree.
I can say without a doubt they are not the same results.
Then I am missing the point. Certainly not the first time.
A significant percentage of our nation's oil production is in marginal wells, hundreds of thousands of them. How will adding a a couple hundred more significantly alter our market?
“Then I am missing the point. Certainly not the first time.
A significant percentage of our nation’s oil production is in marginal wells, hundreds of thousands of them. How will adding a a couple hundred more significantly alter our market?
“
After +40 years of reserves analysis and projections, I am aware of a lot of differences in a stripper conventional well and a stripper unconventional well.
The main is the estimated tail of a horizontal unconventional is a lot, lot longer than a conventional well. This means the period being a stripper well will be much longer.
In time, the % of production from stripper wells produced in this country will therefore be a lot higher than at present.
I do not wish to get into all the details of reservoir depletion between the two types of wells, but the end result is vastly different from my perspective.
How do you think the domestic oil industry will be impacted by pricing if say, over 50% of all the produced oil is from wells that are stripper? That is the impact I am attempting(poorly it seems) to describe.