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re: California moves to ban oil & gas wells within 1 mile of homes, schools

Posted on 10/21/21 at 6:12 pm to
Posted by The Goon
Baton Rouge, LA
Member since Nov 2008
1254 posts
Posted on 10/21/21 at 6:12 pm to
Everything is depreciated and paid for. 3 bopd at $80 and $25 lifting and facility costs is decent cash flow.
Posted by real turf fan
East Tennessee
Member since Dec 2016
8858 posts
Posted on 10/21/21 at 6:18 pm to
Ahem.

The oil and gas were there first. Just waiting to be recovered.

Take down the houses, all of them.

Posted by redstick13
Lower Saxony
Member since Feb 2007
38740 posts
Posted on 10/21/21 at 6:20 pm to
While that's all true, the US can still get all the production they require from west Texas.
That basically relegated O&G in California to nothing more than a podium speech for politicians.
This post was edited on 10/21/21 at 6:21 pm
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