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re: US crude output to rise to record 12.76 million bpd in 2023
Posted on 8/11/23 at 11:14 am to supatigah
Posted on 8/11/23 at 11:14 am to supatigah
quote:
even the shelf is relatively busy again
What? All I see is significant boomerang P&A activity related to the Fieldwood and Cox bankruptcies. The shelf, IMV, is a dead man walking.
1
Posted on 8/11/23 at 11:27 am to cwill
quote:
What? All I see is significant boomerang P&A activity related to the Fieldwood and Cox bankruptcies. The shelf, IMV, is a dead man walking.
of course the P&A is active after the bankruptcies are completed and the go forward strategies are put in place
recently there were two relatively large GOM Shelf RFPs sent out and a some of the RFPs was opening up shut in wells, stimulating them and producing them again. A small ray of light I guess
it has been a dead man walking for quite a while, with these oil prices the Shelf may get to walk a little bit further than expected
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