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The Water Cooler
General Discussion
Government Forcing Gas Prices Up So We Go Green?
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<blockquote data-quote="Shadowrider" data-source="post: 2822413" data-attributes="member: 3099"><p>I think Ace is pretty close here.</p><p></p><p>There are about 50 bazillion variables involved with profitability in the O&G sector and every company has their own number. It all depends on the geology, lease acquisition costs and 50 bazillion (minus 2) other things. Some companies are getting really good at saving money, but shale drilling is just mega expensive to begin with. Continental Resources is probably the king at well engineering, with Devon and Chesapeake doing some good work too.</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 2822413, member: 3099"] I think Ace is pretty close here. There are about 50 bazillion variables involved with profitability in the O&G sector and every company has their own number. It all depends on the geology, lease acquisition costs and 50 bazillion (minus 2) other things. Some companies are getting really good at saving money, but shale drilling is just mega expensive to begin with. Continental Resources is probably the king at well engineering, with Devon and Chesapeake doing some good work too. [/QUOTE]
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Government Forcing Gas Prices Up So We Go Green?
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