RE:RE:RE:Pay debt or drill
dllscwbysfn wrote: I thought maybe if you drilled a well and one year later you paid off the equal amount of debt and interest and still have a producing well that you would be way better off.
if it was that simple all oil companies can drill and print money, let's get to reality. There are many things to consider while drilling more. Some examples are: what is the cost of drilling, is it economically feasible? There will be demand for the extra production for a longer period? Will oil price stay high long enough? And many mores.