Energy Investing - Good Twitter topic on oil oversupply - Energy Investing - InvestorVillage


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Msg  501043 of 552140  at  5/31/2023 8:26:30 AM  by

GasGuy77


 In response to msg 501028 by  coolreit
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Re: Good Twitter topic on oil oversupply

" Only, the Midland has modest capacity to grow, but this will be off set by declining Bakken, declining Eagleford, and flat to declining Delaware and a nearly empty SPR."
 
 You are misreading Newtoboard. There are still A LOT of wells to be drilled in the Delaware. What New is saying is that the distinct multi-layer nature of the Delaware has ended up being a much more complicated picture than the gun barrel diagram companies put out. It is difficult to stop the upward growth of a frac in the Delaware, hence the deepest wells may already be draining reservoirs that were planned to have future wells in them.


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