They are expanding al Shaybah and Khurais by a total of 550,000 bpd over 4 to 5 years to 2018, which would compensate for 1 to 1.5% overall decline; to compensate for the rest would have to come from field management (e.g. using the intelligent wells) and in fill drilling. Between ...
has not had pending permit activity during the coverage period. If you are not familiar with the counties where oil and gas development is occurring, please consult the Railroad Commission's free Drilling Permit Application Query (http://webapps.rrc.state.tx.us/DP/initializePublicQueryAction.do)...
New deep water oil for instance is out of the question at sixty bucks.Half or more of YANKEE tight oil production is probably unprofitable at sixty meaning the drilling of new tight oil wells will soon fall off a cliff. With the decline rate of tight oil production being what it is you ...