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I think the Rigzone article discussing "an increase in Texas production related activity" is typical of many media articles. It is
clearly meant to give the uninformed the indication Texas hydrocarbon production is increasing, when the reality is the article is about money being spent on drilling and related production increasing. More
money being spent for less results, in a nutshell.
boby,
You misunderstand. We have been increasing our reserve productive capacity here in Texas for 34 years. Please continue with your plans to buy the SUV.
I don't think boby is planning an SUV purchase, he seems to be agreeing with you. About the increased drilling activity, I made a firsthand report in a small comment around Newyear's...
When we drove up highway 79 across east Texas on the way to Mother-in-law's house, there were conventional drilling rigs all over the place, visible from the highway. We've seen all the pumpjacks on previous trips up 79, but rarely any drilling.
Now it looks like everybody that has a small holding anywhere in east TX is drilling the **** out of it.
I know. My semi-snide comment was for general consumption.
A recurring question I have been asking is whether the world is drilling fast enough to keep the post-peak decline rate down to the Lower 48 range--about 2%.
I don't think Rigzone is aimed at, nor read by, "the uninformed". It was a short, simple piece on the rig count in Texas, nothing more, nothing less.