Wednesday, January 5, 2022

XOM, Guyana, "A New Find" -- The Snarky Edition -- January 5, 2022

I know I'm wrong looking at this in this way, but perhaps not all that wrong. 

Here's another note from social media regarding XOM and Guyana.

We all know there is oil off-shore Guyana, but every time XOM has a successful well off-shore Guyana, XOM and/or the analysts call it "a new find."

In my mind that would be like EOG releasing a presser every time they completed another Permian well or Bakken well, saying they had "a new find." 

In my mind, a successful well off-shore Guyana is not "a new find," but another successful well. 

MIRITE?