Almost all companies in the tight oil sector in the Permian Basin fight with each other over territory, like dogs and cats. If they are not fighting with themselves, they are fighting State regulatory agencies and/or the BLM for waivers and exceptions to most all regulations, particularly spacing, well density, etc. There is not a rule that can't be broken, essentially, or overlooked, be it Texas or New Mexico.

Take a gander at the current docket in New Mexico, below, and you'll see what I am talking about. Most of the fighting with the NMOCD is regarding spacing, overlap and compulsory pooling to get more wells drilled.

https://www.emnrd.nm.gov/ocd/wp-content/uploads/sites/6/2025-01-09_Hearings-Notice.pdf

Its blood and guts out there and the more pressure depletion sets in, and the fewer wells that can be economically drilled, the bloodier it gets.

afeleaks.substack.com

PR says Spicy Chicken loses 48% of its EUR, not unlike BW3's wing size after PE took the keys.

I have no earthly idea how the EIA derives these reserve estimates; it essentially can't unless it is getting reserve estimates from operators themselves, in which case they are most likely not very reliable.

Remember, please, proved reserves includes proved, undeveloped reserves (PUD). PUD is some related to volumetric estimates in conventional reservoirs; PUD's in tight oil basins are based on proximity to producing, parent wells. PUD reserves are generally estimated from type curves and internal decline curve analysis by operators and often exaggerated. There is now clear evidence that interference between parent and offsetting child wells is negatively affecting well productivity.

Proven tight oil reserves represent 60% of total U.S. proved reserves and those proved reserves keep rising every year, which I find very hard to believe.

The U.S. consumes 21.5 MM BOPD per day, including condensates, or 7.8 G BO annually. Essentially then the United States had 5.4…

I am always looking for new data to show in the great hope that folks will not listen to the lies being told about tight oil abundance from the sector itself, its lobbyists, paid journalists, data-sell companies, really stupid green chickens with squeaky voices and, sadly, the U.S. government.

The mission for all of them is to convince you our country will never run out of affordable tight oil and, as tight oil exports now increase back to over 5 MM BOPD; it's all good because we've got plenty.*

Here is a chart from today's Novi newsletter worth looking into a little closer.

The areal extent of the Midland sub-basin is outlined on the map on the left in black; this was essentially the assessment area that the USGS said contained 140 B barrels of technically recoverable resources from tight shale in 2016. Really dumb people are still hanging al…