GREY:VFGGF - Post by User
Post by
billyjoebobon Jul 14, 2013 9:19pm
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Post# 21606845
juniors and shale oil
juniors and shale oilI've heard both Eric Nuttall and Keith Schaefer say that drilling for shale oil in juniors is not ideal, e juniors just don't have the cash. The payback takes too long (2 years), which makes recycling difficult. I don't understand how that is, I though the shale had higher IP and then fast decline, so I would think it's the other way.
And Edmonton oil is now at $106, higher than WTI. That has to change the economics of these wells.