This comment may come as off topic, but Peak Oil, much exactly Peak Tight Oil, more exactly Permian Peak is interrelated to the whole PMC, "science" debate and "experts know better" narrative. One of those discussion that will surely affect our future even more than the whole pandemic, Bovid, lockdown is taking place in the comments of this thread, this against is against people drawing models and people who worked in the field:
If skinny goat pasture away from these core areas was so good, and going to result in so much EURR in the future, why aren’t these Permian guys out there banging away at that stuff at these higher prices? Because it sucks out there, thats why. Pioneer’s jefe just last week said exactly that and that his company is retreating back to the safety of its sweet spots for better returns.
...
It makes for an interesting reading, I would follow Gerry, Mike and Ron, LTO Survivor
If Permian just slows down then, the entire way of living business as usual is over and done in US and pretty much everywhere within Global American Empire sphere.
I think this is very important because it relates with the whole post-pandemic, post-lockdown, post-waxxine tinder box atmosphere, and when everyone and their pundits mentions civil war like is the next Thanksgiving.
An oil crisis in US just when the SPR is at historic lows would be catastrophic. And I can see the PMC class begging for amnesty, that they didn't know better. Check the comments in the thread there people working in oil for 60 years say it loud and clear.
Another of commenters who worked in the field :
... There is no way the increase you suggest will be happening. Did you notice the aggressive drawdown of DUC inventory in the last 18 months? Without the DUC completions, we would have seen little to no production growth in the Permian (including New Mexico) Prices need to be at least above $125 per barrel to expand drilling and completions taking into account current inflated costs. Furthermore, once we do start seeing production declines, they will be like falling off of a cliff. You will see a greater than a 100,000 BOPD each month.
Another real problem with the Permian is gas take away. The Producers are getting hammered with low Natural gas prices and Pipeline Midstream Companies are loathed to commit a tremendous amount of capital to build to this region when they know, the region will begin terminal decline very shortly.
...
what gives? is this the reason why the Russians and the Chinese buy time?
Maybe our generous guest will open a thread on these matters.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
branchandroot
Pandemic, Bovid, Lock Down and Peak Oil Science and the next begging for amnesty
Date: 2022-11-06 08:40 am (UTC)https://peakoilbarrel.com/us-august-oil-production-at-post-pandemic-high/#comment-748473
It makes for an interesting reading, I would follow Gerry, Mike and Ron, LTO Survivor
If Permian just slows down then, the entire way of living business as usual is over and done in US and pretty much everywhere within Global American Empire sphere.
I think this is very important because it relates with the whole post-pandemic, post-lockdown, post-waxxine tinder box atmosphere, and when everyone and their pundits mentions civil war like is the next Thanksgiving.
An oil crisis in US just when the SPR is at historic lows would be catastrophic. And I can see the PMC class begging for amnesty, that they didn't know better. Check the comments in the thread there people working in oil for 60 years say it loud and clear.
Another of commenters who worked in the field :
what gives? is this the reason why the Russians and the Chinese buy time?
Maybe our generous guest will open a thread on these matters.