Obviously needed to recoup their losses.

They lost “potential” billions. It was t like they didn’t still profit. They just profited billions less. My step brother is a big money hoarding bigwig for Exxon/Mobil. He was buying new Porsches and Mercedes vehicle during that “huge loss”. They were all still wiping [censored] with paper money. This year, they’re all building new houses on margins.

No cheating. Just your best guess.

How much does it cost to complete a modern shale well?

230 million thousand dollars

18 Billion

Joe Biden is a cuck

Isn’t shale natural gas?

25-50million around

Not just Butch. They get a ton of oil out of them also, depends on the formation.

A typical Permian zipper shale well is a 100 mil to complete.
So, now you can add that to your wealth of knowledge.

You’re way off hoss…..

It was just a guess. He's in the fuel business, not oil.

Didn’t know, but I knew it wasn’t oil and gas.

I was just at Lewis energy, we were testing equipment at a five hole zipper well, and asked the question to the superintendent that was the answer. If you have something else, by all means correct me, don't just say I'm wrong.

Wow, just wow what a absolute brilliant observation. From someone who has zero clue what goes on. Give you a little hint there Einstein, there's a whole lot of moving parts on drilling and completing a well, and every bit of it runs on diesel fuel. So, another little hint, if you're going to build something that's going on a location, do you think just MAYBE you should have some idea how it works? Nah, never mind, you wouldn't understand.

Your ability to pass judgements on stuff you have absolutely no idea about is disturbing. If you've never put on FR's, and been on a site, your opinion is useless.