• microfiche [he/him]@hexbear.net
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    2 months ago

    It’s as much profits as it is ability to produce. All the tier one stuff is about tapped out. Wells decline by X percent per year which mean we have to drill new wells just to keep the production curve flat, let alone make it rise. There is a lack of drilling equipment designed to reach the less accessible stuff. There is a lack of drilling manpower to power the equipment. It’s as much to do with profitability as it is ability to chase it.