Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decision based on anything you read here or think you may have read here.
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
No comments:
Post a Comment