Everyone is aware that Buffet's average price on $GOOGL is probably $240. Right? I would be worried about reversion to the mean even though I agree $GOOG or $GOOGL has a very likely chance of being most valuable at some point.
@EnergyCynic Only getting out 6%to 8% depending on basin. Leaves a lot of room for future technology that makes significant strides every 5 years. There’s going to be a lot more out of the Permian. The edges of these fields keep expanding if you compare maps every few years.
@NextWaveEFT Improving technology and the fact shale only takes about 7% to 8% of oil in place means there is a ton of room for improvement. Every five years recovery is vastly improved to match pressure loss or drainage of the reservoir. There is always room for more wells in all plays
@zacurate Na original $CLR well was likely single stage frac old design so the frac on this type of well (or “refrac”) is like drilling a brand new well.
@EnergyCynic All they did was change how they measure production barrels and magic US was suddenly producing 1 million more barrels a day! Go back and look at the charts. It’s fugazzi