Oily Stuff

Some pretty obvious, but good stuff in this article, which you can click to read if you haven't already. 

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If you wish to believe the dung heap about artifical intelligence improving well productivity, or reducing costs, good luck with that, particularly if you are wanting to buy some more tight oil stock for dividends. 

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Hart Publications just came out with a new bunch of Exxon dung heap about carbon proppant and it increasing EUR's by 15%. If I get to perform the decline curve analysis at month 4 after the birth of a shale oil well I can make EUR's increase 50%...on a BOE basis. Remember, if you want to know when Exxon is lying, its just released another bunch of hooey about its Permian tight oil play, which is all the time.  

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Experienced oil people know that all oil plays decline and know what the first symtoms are for simply getting old. They know what to look for. One of the first things is lying.  We are reaching the end of the mighty shale oil revolution folks...and know about money, reduced regulations, tarriff threats, sanction threats, new markets or else, is going to prevent the obvious. We are there. 

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