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Started By
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Oilfield baws - how could the possible stoppage of shale production impact the industry?
Posted on 3/19/19 at 10:23 am
Posted on 3/19/19 at 10:23 am
I’m not an expert by any means but I’ve read that the risk of shale stoppage plus OPEC’s shenanigans have been driving prices up. Is this true and is there any chance they go back down?
13
Posted on 3/19/19 at 10:23 am to VolsOut4Harambe
Looks like you'll have to return a lot more to Walmart.
Posted on 3/19/19 at 10:24 am to VolsOut4Harambe
quote:
risk of shale stoppage
Posted on 3/19/19 at 10:24 am to VolsOut4Harambe
Houma fixing to eat. More drilling offshore.
Posted on 3/19/19 at 10:29 am to VolsOut4Harambe
Shale isn’t stopping.
Posted on 3/19/19 at 10:30 am to VolsOut4Harambe
There are currently >8,500 unconventional wells waiting to be frac'd in the US right now. They are likely drilled to hold leases and will be turned on when prices get high enough.
The US is also producing 2 million more bbls per day than we were a year ago. I hate to say it but Shale is not going anywhere anytime soon and neither are prices. Likely will be stuck inbetween $50-$70/bbl for the foreseeable future.
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The US is also producing 2 million more bbls per day than we were a year ago. I hate to say it but Shale is not going anywhere anytime soon and neither are prices. Likely will be stuck inbetween $50-$70/bbl for the foreseeable future.
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This post was edited on 3/19/19 at 10:37 am
Posted on 3/19/19 at 10:34 am to VolsOut4Harambe
Posted on 3/19/19 at 10:34 am to VolsOut4Harambe
quote:
possible stoppage of shale production impact
Posted on 3/19/19 at 10:40 am to VolsOut4Harambe
It’s not stopping. It may slow down as some investors are getting cold feet after not getting the returns they were promised. But it’s not stopping.
Posted on 3/19/19 at 10:50 am to VolsOut4Harambe
quote:
risk of shale stoppage
Explain
Posted on 3/19/19 at 11:06 am to VolsOut4Harambe
The issue is how to get it out of the basin economically. Their is a dearth of pipelines in that area and the environmentalists are fighting every foot of new pipe that companies want to lay.
Posted on 3/19/19 at 11:09 am to VolsOut4Harambe
I'd be ecstatic. As would the rest of the offshore baws
Posted on 3/19/19 at 11:18 am to VolsOut4Harambe
Permian about to surpass Ghawar in production
Posted on 3/19/19 at 11:33 am to Slingscode
I always enjoy a conversation about laying pipe.
Posted on 3/19/19 at 11:35 am to VolsOut4Harambe
quote:
I’m not an expert by any means but I’ve read that the risk of shale stoppage
Bruh... wherever you read dat; don't ever read nothing from there again... like ever.
This post was edited on 3/19/19 at 11:39 am
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