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RE: We will essentially be there by the end of the year

Posted on: March 8, 2022 at 10:41:58 CT
KC rules MU
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It's not just bringing wells back online. Unconventional well production declines very fast and if prices remain low for an extended period of time, those wells will deplete and new wells will need to be drilled when oil prices recover. It's not like there is an infinite supply of drilling rigs and they tend to lose their crews when oil prices are low. When prices pick back up, companies have to queue up for rigs which themselves have to go out and hire crews. The wells are complicated and the completions are time consuming. It all takes a while. People do not realize how complex the whole process is with oil companies and service companies shedding tons of employees during downtimes and then having to start again with inexperienced workers.
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For those blathering about "lack" of oil production - meatiger MU - 3/8 09:34:22
     yer an imbecile. now do production vs demand for last 5 year - TigerFan92 STL - 3/8 10:29:38
     We aren't close to the barrels a day that we were - tman MU - 3/8 10:12:00
          We will essentially be there by the end of the year - meatiger MU - 3/8 10:23:44
               RE: We will essentially be there by the end of the year - KC rules MU - 3/8 10:41:58
               We will see. It isnt just bringing stuff back on line - tman MU - 3/8 10:29:45
                    I know that - meatiger MU - 3/8 10:34:05
                         You don't even know where the Dakotas are?(nm) - tman MU - 3/8 10:36:17
                              That is not what I literally meant - meatiger MU - 3/8 10:38:46
                                   Well what did you mean. Here comes the spin(nm) - tman MU - 3/8 10:53:19
                                        LMFAO...You thought he meant he - mizzoumurfkc KC - 3/8 12:13:32
                                        RE: Well what did you mean. Here comes the spin(nm) - meatiger MU - 3/8 11:01:55
     Then why are my gas prices up when we have - Iron XU - 3/8 10:05:45
          Supply does not equal production - KC rules MU - 3/8 10:28:44
     yep, it's all about demand, gas production facilities - tigerinhogtown STL - 3/8 09:59:22
          The oil companies are not the one creating the advantage - meatiger MU - 3/8 10:02:47
     BUT WE WERE INDEPENDANT UNDER TRUMP!!!!!!! - mizzoumurfkc KC - 3/8 09:52:18
          Neither the policies of the Trump or Biden administration - KC rules MU - 3/8 09:59:21
               Correct...and people claiming we were oil independant - mizzoumurfkc KC - 3/8 10:17:32
               Biden also stopped drilling inAlaska. Fed permits on hold. - RHAYWORTH MU - 3/8 10:07:52
                    oil production in Alaska - meatiger MU - 3/8 10:32:57
                    That is not true. You confuse new leasing with drilling - KC rules MU - 3/8 10:24:56
                         You should post here more often... - mizzoumurfkc KC - 3/8 10:45:01
                              They don't want to learn - JayHoaxH8r MU - 3/8 10:57:17
                                   They don't want and are not capable - mizzoumurfkc KC - 3/8 11:22:15
                                        Some are capable - JayHoaxH8r MU - 3/8 12:40:47
     Minor point, but we produce millions of bad, not - jmlppx MU - 3/8 09:50:54
          I just copied over the number stated - meatiger MU - 3/8 09:54:02
               RE: I just copied over the number stated - jmlppx MU - 3/8 09:58:34
                    I suspect that production will go higher than forecasts - meatiger MU - 3/8 10:01:05
                         Agreed. In my experience, hiring during boom times was - jmlppx MU - 3/8 10:32:29
                         The Dakotas are just west of Minnesota (nm) - kmawv8 MU - 3/8 10:06:04
                              in terms of oil production(nm) - meatiger MU - 3/8 10:13:59
                                   Still west of Minnesota(nm) - tman MU - 3/8 10:35:33
                                        no ****(nm) - meatiger MU - 3/8 10:38:17
               RE: I just copied over the number stated - jmlppx MU - 3/8 09:56:54
          BPD (nm) - jmlppx MU - 3/8 09:51:57
     We need more. We have more. Maybe iran will help us. And - hokie VT - 3/8 09:36:26
          Meat used a good source. He is correct(nm) - jmlppx MU - 3/8 09:55:14
          Why don't you believe the reports? - meatiger MU - 3/8 09:42:00
          Oil production always ramps up in the US when prices are - kmawv8 MU - 3/8 09:38:05
               I love how R's think D's are so against oil production - meatiger MU - 3/8 09:44:30
                    Are D's getting ready to ditch the GND like they are - MIZ45 MU - 3/8 09:47:33
                    lol there it is (nm) - Sal CMSU - 3/8 09:44:40
                         All the griping below - meatiger MU - 3/8 09:47:24
                              They got a foxnews article with a quote from a - JayHoaxH8r MU - 3/8 10:17:42
                                   lol you posted an opinion piece (nm) - Sal CMSU - 3/8 10:20:22
               facts are opinion, moron (nm) - ashtray UF - 3/8 09:40:54




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