RE:RE:RE:RE:RE:CRYING Over SPILLED MILK: SU Had BEST 1M Acres Of NG/NGLs no worry, i was just nick picking on your fracking dynamic.statement.
You finally said it right, it was advent of horizontal drilling rather than fracking dynamic that opened up the tight/shale stuffs. SU knew about all that back in 2013, (US shale oil/gas were going gungho back in 2013, not a secret) that's why SU kept the unconventional deep basin. Hz drilling works in conventional and unconventional reservoir. The reason SU sold their conventional assets is not that they dunno Hz drilling or fracking but for other reasons
from SU news release link provided by ztransform
The sale includes properties situated across multiple regions in Alberta, northeast British Columbia and southern Saskatchewan. Excluded are the majority of Suncor's unconventional natural gas properties in the Montney region of British Columbia and the company's Wilson Creek, Alberta unconventional oil assets Oldnagger wrote: Well, the industry has come a long way since the days of throwing a package of gunpowder down a well . Fracking has been constantly growing in effectiveness ever since. The real change was in switching from verical wells to horizontal wells , so I would still maintain that few investors realized back in 2013 , the combined effect of these innovations.Look , I once worked for Petcan and would be one of the last to laud them , nevertheless , I would find it difficult to criticize their move back then. Particularly when one looks back at the tremendous value destruction that the entire nat gas industry had subsequently experienced