Quote from: TDoS on Apr 29, 2024, 01:21 PMIt isn't about the less efficient application of hydraulic horsepower but rather well placement options and the underlying geology available as a play transitions from new acreage build outs and lease holding to more steady state development and refinement of interference patterns in small areas.
So what? They are drilling more and are down 15%. Since every foot of drilling costs money, it's a smaller profit margin. As long as the margin is enough they can service the debt they have, they'll keep drilling. When they can't, they'll go BK. Unless of course they can convince the financiers to roll over the debt in hopes the price they can get for it goes up. Or convince the banksters production will increase again because they have a new, new fracking tech they are going to try, they just got some MOABs* from the military to blow the living shit out of the bedrock and oil will come spurting out like the cum shot in a John Holmes porn movie from the 70s. That's what they hire geochemists for.
*- Mother of all Bombs
RE