Why are we drilling more wells in the Delaware? Shouldn’t we save $ instead of spending?
13 replies (most recent on top)
Why not just give up the leases if there is nothing economical there under reasonable price assumptions and proper subsurface evaluation.
Yip! We at Oxy understand HBP. What we do not understand is FCF. Because we have none. Because we drill even when it is uneconomical to do so. Because of HBP.
You would be surprised at the number of big picture people who don’t know what the term stands for because it is really a detail. Especially people with backgrounds in the more elite forms of engineering like electrical, mechanical, or chemical.
Bring on more bad projects, sink the ship faster...
IT FA engineering geoscience HR and definitely land
Everyone knows what Held By Production means.
Drill drill drill and the drill some more
Definitely most of these folks commenting don’t understand HBP requirements.
Feel sorry for that group of s*ckers that is looking at funding this project.
Lease and partner obligations
You have to drill to save leasessssssssss (eyeroll) get out of your bubble.
Maybe they are just doing it to make management think they are doing vital work?
Maybe they have to drill to keep leases.
id–tic decision, period!
Maybe some s*ckers are willing to fund the project?