Re:Federal Reserve raises rates by 0.75%
by hindsightbias on Wednesday June 15, 2022 @03:55PM
(#31758554)
Oil leases is not like a social media app.
I suggest you research how leases work. They cover ranges, not a single well. There are tens of thousands of leases which have volume for additional wells. The industry is sitting on 9000 untapped leases.
Again, this has nothing to do with production today. It has nothing to do with prices today. I've provided links on Covid impacts and 141 oil executives dragging their feet. Am not going to make more effort.
I suggest you research how leases work. They cover ranges, not a single well. There are tens of thousands of leases which have volume for additional wells. The industry is sitting on 9000 untapped leases.
Again, this has nothing to do with production today. It has nothing to do with prices today. I've provided links on Covid impacts and 141 oil executives dragging their feet. Am not going to make more effort.