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re: California moves to ban oil & gas wells within 1 mile of homes, schools
Posted on 10/21/21 at 6:06 pm to The Goon
Posted on 10/21/21 at 6:06 pm to The Goon
At the end of the day all those low pressure sucker rod wells are obsolete and the production on them really isn't worth any sort of investment.
So I circle back to my earlier statement. It's a manipulative ploy targeted towards political leanings. California is still the hot bed of liberalism right?
So I circle back to my earlier statement. It's a manipulative ploy targeted towards political leanings. California is still the hot bed of liberalism right?
1
Posted on 10/21/21 at 6:12 pm to redstick13
Everything is depreciated and paid for. 3 bopd at $80 and $25 lifting and facility costs is decent cash flow.
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