Bakken wells will, in general, come back stronger than ever after being shut in for a few months (or more).
Wednesday, April 29, 2020
Shutting In Old Wells In Aging Oil Fields Carries Big Risks For Saudi Arabia, Russia -- April 29, 2020
I think Russia and Saudi Arabia are in the same boat: aging fields, shutting in wells carry big risks. Link here.
Bakken wells will, in general, come back stronger than ever after being shut in for a few months (or more).
Bakken wells will, in general, come back stronger than ever after being shut in for a few months (or more).
When and If we see a pop in prices, we may be the most ready to profit. Hey North Dakota, Simple idea, Tax Holiday to keep things moving and keep the drillers solvent. Short term removal of some percent, and long-term collection to help float say 8 % collected in two years.
ReplyDeleteAgree completely. Maybe even the folks in Fargo might agree.
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