I don't even know what this ChatGPT stuff is; another way to make lazy people, lazier, I think. Whatever. When the jefe at Novi asked ChatGPT how to make the Permian Basin a more productive oilfield, this was the answer it gave him...more wells. Makes perfect sense to me. So you don't think I

Goldman's latest supply forecast - up 1 million for 2023 (I'll believe it next April if I see it in the real numbers), but only .3 million in 2024. That means drilling hard enough to make up for .7 million of 2023 decline, plus the .3 million we're supposed to add to our exports. My personal

In case you're wondering if any one else out there isn't convinced that US shale will be the savior of the global energy markets, try Goehring & Roszencwajg's website at https://gorozen.com They've been on the topic of what happens when supply and demand miss each other in the dark and the world

https://www.enverus.com/newsroom/shale-maturity-driving-increase-in-cost-of-supply/ “We see the cost of supply continuing to increase for North American shale producers over the next five years as the industry moves from developing Tier 1 to Tier 2-4 locations,” said Dane Gregoris, managing dir

Click this above and you watch the Youtube video from Enverus; its about a minute long. It basically says the Permian tight oil sector is back to overdosing on stupid pills, again, and paying $1 MM to $3MM dollars per PUD location in sweet spots where breakevens are below $50. At $40 b

https://oilprice.com/Energy/Crude-Oil/Well-Productivity-Gains-Clash-with-Cost-Inflation-in-US-Oil-Patch.html These, the Wall Street Journal reports, include better seismic mapping and the use of more fracking fluid. The combination of these factors pushed the 12-month productivity of newly dri