RE:JD, Red, Td et al....DUC chart update..your opinion..BayStreetWolfTO wrote: It seems drillers have a bigger issue than many think. Frac spreads have now dropped two weeks in a row despite surging oil prices...
If you can't complete it you can't cover off those high decline rates.
This Frac spread graph seems to be worse than I thought. Your thoughts? I know we talked about labour issues, supply issues, cost of inflation etc....but did you think we would be at this point where oil has been $100+ for over 3 months and we can't hold above 280 let alone increase materially?
I've been away and disconnected for 4 days. Looks like I missed a big pop on Friday.
I'd chaulk the biggest issue up to labour shortages. I thought money would cause people to return but it doesn't look like that's happened yet