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To: q_an_a

If it stays at $65 bottleneck in the area, it will certainly reduce the amount of drilling.

There is no magic drill/no drill number for all wells. Each has there own economic point and it will vary for companies as well. As the price goes down, there will be less; as the price goes up, there will be more.


3 posted on 11/26/2012 9:09:35 AM PST by thackney (life is fragile, handle with prayer)
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To: thackney

thanks - I thought that much of the Midland oil production was coming from work in old wells being treated with new technology and this was allowing some to get a good profit on old oil - it that true?


4 posted on 11/26/2012 9:20:16 AM PST by q_an_a (the more laws the less justice)
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