| | | Hi Rogue,
Just a note of appreciation for that link on energyrogue.com.
I also read and agree with GOEHRING & ROZENCWAJG that permian has reached a decline (they say October 2024).
I have NOG and they note some of their operators have backed off future drilling. There are some well healed operators that don't mind stopping production or depleting it for sure, until prices go up.
KEEP IT IN THE GROUND TILL THE PRICE IS RIGHT, is beginning, not big but out there to be known to a small beginning degree.
G&R talks in generalities ER.com looked to have good detailed numbers.
The real long term driver will be India PLUS in no small way the emerging markets - where population is growing!
IEA always misses the faster growing EM demand. They simply want to get where we are, but we've spent trillions on unreliable (during ZIRP) and more importantly more expensive (in the total view , which also shows in our energy bills) = renewables are not well intended.
Hope for a final shake out dip (where dividend keep on getting made) PLUS MORE IN THE LONG TERM.
All Good Reads and I really like the Dan Steffens notes on his 16 gassers. Good FA numbers.
Mostly showing acquisitions and mergers amongst minors, majors still adjusting AND benefitting from their terms a year plus ago. Although scale is considered an advantage, I still like a high tech, well capitalized and operating at lower costs like PR.. They claim the lowest cost per lateral foot drilled. Definition is not known. They (PR) are only doing 3-4 mile laterals now (after learning how to do it safely), and running Duel Fuel electric generators.
I know some roughnecks and the torque on a pipe is very high. Lord knows what it is on a 4 mile lateral pipe. YIKES!
Thanks again.
Bob |
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