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Quote Stuff
“If the 2024 US election comes down to a choice of “reduce US exports of LNG and oil to reduce inflation here but hurt the EU and UK”, or “honor our LNG and oil export commitments to our UK and EU allies at the cost of higher US inflation in an election year”, the US will likely throw their UK and EU allies under the bus.” Luke Gromen
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An interesting article on why the dumb "halo" effect added temporary production to parent wells in the Bakken, and why that is now over, and the negative effect of too close of well spacing and frac hits.
Stuff To Think About
Oil and gas has always been used a political football by both parties. Republicans have accused the Biden group of withholding drilling permits on Federal Land, which it has, for instance in Alaska and some in the GOM. On shore, however, in shale plays, it hasn't and the New Mexican part of the Permian Basin HZ play, where 35% of total tight oil production lies, has gotten lots of permits.
In the interest of balance, Biden is now releasing more oil from the SPR to lower gasoline prices in the US, about as stupid a thing imaginable.
Video Stuff
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The materials provided on this site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. I may make data related mistakes occasionally; if you use my opinions about oil reserves or shale well economics for financial purposes, to buy or sell stocks, your nuts. Don't do that. If I have used a photograph incorrectly it was for educational purposes and I have done my best of to give credit where credit is due. My stories are all true, slightly embellished, perhaps, but true; I don't change names to protect the guilty. I am as accurate as possible about history and historical facts; I work very hard at that.All rights are reserved, whatever that means. Don't blame me, I didn't do it.