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To: thackney

They tell me that they have to have about 68 bucks a barrel to stay on top. But, once pumping is started, many wells cant be shut down because they lose the well due to pressure reduction. Oh they can shut them down for a couple days, but after that, they have to get them going again.


25 posted on 05/02/2013 9:11:48 AM PDT by crz
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To: crz
The problem is the tight formations like our shale plays decline fast. If you are not drilling new wells, you won't be producing much oil after a while.


33 posted on 05/02/2013 9:28:12 AM PDT by thackney (life is fragile, handle with prayer)
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