15 points
There it is again: Faster Than Expected.
We seem to be pretty terrible about accounting for feedback loops when we create prediction models.
5 points
“Summed up, the industry’s treadmill is speeding up and this will make production growth more difficult than it was in the past,”
And I am darn happy about that! Still shamelessly talking about growth, that’s just crazy.
3 points
And yet, they’re still drilling and fracking like mad.
2 points
Seems we weren’t that good at predicting capacity of a well in the first place then.
4 points
*
Effective life of a fracking well is about three years. It can be refracked a couple more times, each with a lower yield. That sweet spots are developed first exacerbates the problem.
