RE:Interesting video- the BNN guest is IGNORING the COMING INDUSTRIAL CAPACITY of the FOUR (4) BIG Permian Basin shale producers (XOM, CVX. COP and OXY)
- they are going to UPSCALE the PRODUCTION EFFICIENCIES with OPTIMIZED WELL DESIGNS. LONGER LATERALS and HIGHER PRESSURES to PUMP the LIGHT SHALE CRUDE OIL FASTER and MORE THOROUGH out of the ROCK RESERVOIRS
- XOM, CVX, COP and OXY are 'EXPECTED' to PRODUCE more than 1 million barrels of LIGHT SHALE OIL a DAY EACH in the Permian Basin in 2024
- SO NO, these BIG 4 players will NOT NEED a WTI of USD 100/bbl. to PROFITABLE SUSTAIN THEMSELVES
- his other statements are PRETTY ACCURATE although I have my DOUBTS on the DEBT PROFILE of SCR
- MEG and CVE have the BEST DIRECT TORQUE to TMX OPERATING
- ATH HUGELY benefits INDIRECTLY due to the 'EXPECTED' WTI/WCS price differential COMPRESSION as they FOOLISHLY SOLD theIr CONTRACTED 20,000 bbls/d capacity on the TMX pipeline
z173