https://worldoil.com/news/2024/11/22/occidental-ceo-warns-u-s-at-risk-of-shale-plateau-losing-energy-independence/
I've said the same thing many times - Permian will peak at the end of this decade. After that, it's every person for themselves to escape the sinking SS Chevron.
Permian will peak by end of decade. Chevron Permian in a year or 2
I wonder when Oxy will pounce on Chevron? Wouldn't that be a hoot.
Peak oil in the Permian basin is easy to predict and there is no question this play will start it’s rapid decline by the end of this decade. Peak oil worldwide? I would not bet on it! That said, it seems likely that the price of oil with continue to rise without another big shift in technology.
I wouldn’t listen anything VH has to say…
there might be more disgusting shooting out of old wells in the Permian that there is productive oil - hang on - gonna be some suits to gather!
Peak oil, peak shale, peak demand... Give it a break. BTW VH was just using that statement to set up her EOR/ carbon sq. shpiel...