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To: dayglored

Very good. Numbers matter in the world of oil.

Oil of typical density is about 7.5 barrels per ton. So this is 615 million barrels. Not spectacular, but not peanuts.

Flow rate quoted doesn’t mean much, but their quote would be 1300 barrels/day. Not spectacular, but far superior to a typical US shale well in the Permian or Bakken.

The critical issue is a US shale well may flow 900 barrels/day on day 1, but by day 365 it will be down 50%. That won’t be so for this Russian find because it is not shale.


22 posted on 07/04/2022 7:54:03 AM PDT by Owen
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To: Owen

Thank you!


31 posted on 07/04/2022 8:04:01 AM PDT by dayglored ("Listen. Strange women lying in ponds distributing swords is no basis for a system of government.")
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