shell cant exit deleware
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shell cant exit deleware
news sources state theyre seeking 10billion bucks, but i just dont see it. theyve tapped out the wolfcamp and bone spring formations. theyre selling that oil as it leaves the ground. not seperating it from its produced water, just pitching it out to the highest bidder for them to deal with it.......like Apache does. what a stain on humanity.
jirqoadai- Posts : 8062
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Re: shell cant exit deleware
Bongo 76-43 Loving 08-49454&08-49647..........theyre real good at blowing the banks money.
jirqoadai- Posts : 8062
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Re: shell cant exit deleware
https://www.fool.com/investing/2021/06/14/shell-looks-to-unload-permian-basin-assets/
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HawkTheSlayer- Posts : 15731
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Re: shell cant exit deleware
they have a map showing the gross acreage Shell Western E&P operates. motley fool does. Texas Railroad Commission shows all their operated leases. their entire exploration program was predicated upon the BoneSpring being developeable. which it is, but not the way shell does it. you cant just go blasting holes and filling them with sand anymore. i own part of this: PrimeEnergy. 677770 operators permit#. 13 -15 stacked formations throughout Martin, Midland, Upton and Reagan. we have net 275 operated wells, which compared to Leucrota Canada getting 30mm for the sale of one shut in gas well and three producing gas wells........do the math.......
jirqoadai- Posts : 8062
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Re: shell cant exit deleware
seeking alpha " shell's little talked about permian position ".
jirqoadai- Posts : 8062
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Re: shell cant exit deleware
And along with fracking goes our cheap natural gas prices.
I think we are going to see many companies bailing out.
That is the goal of this administration.
I think we are going to see many companies bailing out.
That is the goal of this administration.
Carolina73- Posts : 123
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Re: shell cant exit deleware
oil is king. if you sell oil that is. Pioneer, Apache and Shell Western sell a water oil mix. highest bidder takes all per 10,000 bbl tank full. once the market wakes up and realizes the numbers are corrupted, and the oil sales are way less than that which is reported, youll see 5-7 dollar gasoline.
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