Bloomberg: shale slowing. Third wave of shale coming.

[Guest]

hahaha f**king hell, Tom's back

''sells rice to china'' lol

good luck with the move mate

DING.    ''OR NOT SAY'' the last bit should read. 

53 minutes ago, Tom Kirkman said:

(Remember those Ethanol threads?) 

I have no idea what you're talking about.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Edited October 17, 2019 by Guest

[Tom Kirkman + 8,860]

23 minutes ago, DayTrader said:

good luck with the move mate

Thanks : )

 

23 minutes ago, DayTrader said:

good luck with the move mate

DING.    ''OR NOT SAY'' the last bit should read. 

Spot on.  Good to see you are alert and thinking.

 

24 minutes ago, DayTrader said:

 

28 minutes ago, Tom Kirkman said:

(Remember those Ethanol threads?) 

I have no idea what you're talking about.

LMAO

[J.R. Ewing + 19]

The Farsi word for troll is ترول

[ceo_energemsier + 1,818]

Questions of science – challenging our tight oil forecasts

https://www.woodmac.com/news/the-edge/challenging-our-tight-oil-forecasts/

 

 

 

4 reasons we’re bullish on Exxon’s Permian growth campaign

 

07 October 2019

 

 

https://www.woodmac.com/news/editorial/4-reasons-were-bullish-on-exxons-permian-growth-campaign/?utm_source=newsletter&utm_medium=email&utm_campaign=inside-track&utm_content=ed201942iss44

 

 

Permian operators cash in ... by thinking inside the box

Cube developments offer players option to optimise output and costs

 

https://www.woodmac.com/press-releases/cube-drilling/

 

Up for the challenge? Supermajors' new aggressive Permian targets

 

06 March 2019

 

•  
•  
•  
•  
•  
•  

 

 

•  

 

 

 

While smaller E&Ps are being forced to tap the breaks in the Permian shale basin, Exxon and Chevron have laid out ambitious production targets for the next four to five years:

·         Chevron: 900,000 boe/d in 2023

·         Exxon: 1 million boe/d by 2024

 

 

https://www.woodmac.com/news/editorial/supermajors-in-the-permian/

 

 

[ronwagn + 6,290]

On 10/15/2019 at 5:32 PM, Jabbar said:

I wonder how this will affect the expected Shale Industry consolidation ? 

The majors waiting to pick up some of the independents.  The majors don't want the management, the systems, the processes or even all the employees. They are buying the assets.  Just the reserves.  If a certain acreage presently yields  9% and with technology and advanced processes can yield 18% that doubles the value of an independent given a specific price point per barrel.

Does this accelerate the consolidation ?

Or

Do the independents have access to the same technology and streamlined operations and hold out for premium ?

 

_______________________________

The article states even with efficiency will grow at slower pace.

What IF electrification picks up. What if demand drops by as little as 5% (5 million barrels per today's production)

Amazon ordered 100,000 electric delivery trucks from startup Rivian. 

Will governments mandate electric buses like China ?.  Electric commercial vans like Amazon ? Electric State, Community and Federal  Electric Vehicles ? USPS, FEDEX, UPS Electric Vehicles ?

Won't outlaw combustion engines BUT COULD see green governments double, triple or quadruple gasoline taxes.  Same resul

 

 

So natural gas will provide most of the electricity in your worst case scenario. That is not a problem.