Sunday, March 31, 2019

Sunday, March 31, 2019, T+88, Part 3 -- Nothing About The Bakken (Well, Almost Nothing)

Capitalism explained. At the sidebar at the right

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WTI, futures: $60.35.

Look at this headline over at oilprice: as onshore drilling costs soar in the Permian and other popular shale patches, Big Oil is looking offshore for solutions. Click bait. No doubt. I saw the headline. Did not click on the story. Shale: short-cycle. Off-shore: years and years of effort. Huge CAPEX. So we will see where this goes. I'm not aware that costs are soaring in the Bakken.

Park City, Utah

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