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Yangarra Resources Ltd T.YGR

Alternate Symbol(s):  YGRAF

Yangarra Resources Ltd. is a Canadian junior oil and gas company engaged in the exploration, development and production of clean natural gas and conventional oil. The Company has its main focus in the Western Canadian Sedimentary Basin. The Company has developed its land base to target the halo Cardium at Ferrier, Chedderville, Cow Lake, Chambers, O’Chiese, and Willesden Green with a focus on exploiting the prolific bioturbated zone as part of the entire Cardium package.


TSX:YGR - Post by User

Bullboard Posts
Comment by Cardboard1on Jul 18, 2019 9:01am
77 Views
Post# 29933811

RE:Us oil production increases declining

RE:Us oil production increases declining
Definitely a slowdown in growth PPP if not, a complete stall. There is no way that these growth forecasts will be met based on timing as you mentioned.

We have the rig count continually heading down, companies like PXD are being told by investors to not add rig and they are listening, capital for smaller firms is definitely shut, we have geological issues such as parent-child interference and we have seen a plateau in well optimal length.

Then it is turning more and more gassy or to the condensate side.

Regarding pricing, we still have the same issue or very low pricing for Texas producers or just look up Texas:

https://oilprice.com/oil-price-charts

Where is the incentive to drill for oil selling for $41? That is the kind of pricing that they get in New Mexico/West Texas or far from the Gulf coast and Cushing hub.

This issue will also start to garner attention:

https://oilprice.com/Energy/Crude-Oil/Will-The-US-Gas-Glut-Cap-Oil-Production.html

How could Soros, Rockefeller and all the save the planet folks keep ignoring such massive CO2 pollution?
Bullboard Posts