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Wall Street Journal article

Posted: Thu Feb 03, 2022 11:04 pm
by Orindakid
Hey folks,
I am interested to hear your thoughts on this article.
https://www.wsj.com/articles/fracking-o ... mwhatsnews

Regards

Re: Wall Street Journal article

Posted: Fri Feb 04, 2022 9:39 am
by dan_s
There is plenty of oil left in North America's top basins. It is just a matter of price. Not much is economical at $50/bbl, but we have plenty at $100/bbl and a heck of a lot at $200/bbl.

EOG has over 10,000 low-risk drilling locations that will pay out in less than a year at $80/bbl.