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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: DinoNavarre who wrote (206125)11/21/2025 9:25:25 AM
From: robert b furman3 Recommendations

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Hi Dino,

I'm not so sure those feet numbers are correct.

Yes the number of rigs are down, BUT:

The vast majority of BIG oil have been mergers of other drillers who were lucky enough to have contiguous property to the majors.

Ditto for midsize players, Permian Resources, Chord, VTS and NOG both talking about their operating partners doing 3 to 4 mile laterals and they are being done under budget and yielding higher than anticipated production.

When you learn how to double the length of the laterals (without losing a mile or so of pipe) the rig count becomes a poor indicator of drilling activity?

Dual fuel electricity generation using natural gas and/or methane vs flaring it off ,is said to save 1 million dollars every 1000 hours of use.

Wirth , CEO of CVX says they know where the oil is (because old technology only harvested 10% of what is still in the ground) makes one wonder just how cheaply new innovations could go back and hit crude pay dirt every time.

One thing for sure E&P companies keep their technology close to the chest.

Technology could well make US E&P's so efficient , no one else could be profitable if they only had old tech?

It could be Trump has been told that his " 2.0 Drill Baby Drill" may just run most of Opec out of business with inefficient technology.

The US and the Saudi's may just usher in a new Cartel.

An interesting viewpoint.

Bob
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