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Group: Energy Investing
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Re: Super oil truth FOR XOM propagandists why not to believe their hype:
I have a BS in Petroleum and Natural Gas Engineering and a Masters in Business administration. I have been a reservoir engineer for over 23 years. I can say with the utmost confidence that this person doesn’t know what they are talking about. The calculation isn’t spend more money, get bigger wells. It’s a combination of well spacing (vertically and horizontally), frac stage size, cluster spacing, clusters per stage, number of perfs per cluster, perf size, quantity of sand, quantity of water, amount of surfactant, and pump rate that maximize value.