BlackSand
Nobody
- Oct 23, 2013
- 23,348
- 13,664
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Don't expect drilling to solve problems in a year.
It takes 5 years for the new wells to be effective.
The land rented, a "platform" and road has to be built for drilling rigs and later collection or pipeline.
Then the well has to be drilled...maybe it works and maybe it does not.
Then the well needs to be spudded....(valve and pipeline to separator and collection or pipeline)
Then refined....which the refineries are backlogged. We don't have enough. Most are offshore as new land based refineries are impossible with current EPA regulations.
.
Luckily ... They just capped a lot of wells here when President Biden reversed the LNG deals shortly after gaining office.
It's not going to take 5 years to feel some of the results from the election ...
Last month's 'mailbox money' in royalties was 10 times higher than November's check.
May take a bit for that production to influence the market just the same.
They were simply moving enough production to cover the cost of maintenance on the wells during the Biden Administration.
They are dropping more wells and back to building a pipeline since the beginning of the year though.
There are leases and approved sites that have been sitting dormant since the end of President Trump's first term.
But ... The drilling and pipeline crews are buying all the breakfast biscuits at the local convenience stores now ...
That kind of sucks ... If you don't make it there before they do ...
.
Luckily ... They just capped a lot of wells here when President Biden reversed the LNG deals shortly after gaining office.
It's not going to take 5 years to feel some of the results from the election ...
Last month's 'mailbox money' in royalties was 10 times higher than November's check.
May take a bit for that production to influence the market just the same.
They were simply moving enough production to cover the cost of maintenance on the wells during the Biden Administration.
They are dropping more wells and back to building a pipeline since the beginning of the year though.
There are leases and approved sites that have been sitting dormant since the end of President Trump's first term.
But ... The drilling and pipeline crews are buying all the breakfast biscuits at the local convenience stores now ...
That kind of sucks ... If you don't make it there before they do ...

.