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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Black Blade who wrote (198739)3/5/2019 11:09:50 PM
From: Black Blade1 Recommendation

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Follow Up Article ... Be Wary Of Unrealistic Shale Growth Expectations
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U.S. shale drillers are facing a serious problem: Their wells are not producing as much oil and gas as they had anticipated.



When facing shareholder scrutiny, shale drillers have countlessly hyped the litany of technological breakthroughs, efficiency gains and innovative drilling techniques. Indeed, production from U.S. E&Ps has skyrocketed over the past decade, save for interruption during the 2014-2016 bust. But even then, shale executives argued that the downturn made them lean and mean, and that they would use their newfound frugality to ramp up production and profits.

Continued: zerohedge.com

BLACK BLADE: I am a big fan of Shale and the technology. It is my bread and butter. It's how I make my living like I did when I worked exploration in the mining (hard rock) side of the geology game and the Coalbed Methane plays after that. Many think that Shale Oil is an easy game and easy money. That is why I prefer to work with small hungry companies vs. the big boys who try to be all things to everyone and play absurd "politically correct" games and lose focus on making money. I have worked for a lot of the mom and pop players over the years and in the end they tend to get bought out by the big boys ... or as they say the little fish get eaten by the bigger fish. Still, that too can and often is very profitable. I hope to keep working the shale plays for another 3 or 4 or more years at least but we do have our "boom-bust" cycles and that comes with the territory with fungible commodities like oil. Or as we in the oil patch say "Please Lord give us one more oil boom. We promise not to blow it this time".
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