If this is true then the Permian E&P’s should be raising capex guidance for 2020-21 materially.
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What capital? The one they do not have?
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You flare all that gas it has consequences
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Indeed and yet another example of poor TRRC management, where money and votes come before reservoir management, maximum recovery rates and the prevention of waste. History will show this mismanagement to be THE reason for the dilemma we will now face regarding supply declines.
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Drive a truck through that Di estimate. Maybe something more sophisticated is needed?
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Whats typical IP90?
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"[I]t is going to be challenging, especially for some companies with cash constraints, just to keep production flat.”
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I say it is great- faster we move to clean energy better the world will be
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When US shale oil peaks, there will be some bad surprises.
#OOTT Former#Australian Prime Minister Howard assumes US shale oil will provide for#China’s oil demand growth#ChinaUS http://crudeoilpeak.info/former-prime-minister-howard-assumes-us-shale-oil-will-provide-for-chinas-oil-demand-growth …pic.twitter.com/qiQ3cz6HTx
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