RE:multi well drilling in Q1 2022 Peterj99 as to your below:
"How you would drill multi wells (by my definition) with one drill is beyond me."
Now the technical terms are kind of nebulous to those non-experts but yes you can drill "multi" wells - it is called "pad drilling". It is an amazing new breakthrough it that if you drill one vertical hole you then can drill horizontal ones from it. It is kind of like an octupous with many tenacles.
The benefits are less of a footprint on the environment since several "wells" can radiate unseen from one operation. But the real benefit is cost savings in that several sources can be drilled using the same equipment and staff. Now pad drilling is not used for exploration.At least this all is my investor take on it all.
Now as to your comments about more wells faster- totally agree. Right now oil prices are soaring and this would be the time to cash in as the majors like Exxon and BP have severely curtailed exploration and development in favorite of "windmills", sun, waves, etc.