Bucksnort on Nostr: npub1wxfv9…0fr3c Yes, the decline curves are such that you pretty much need to make ...

npub1wxfv9scvmz6ceyxarswm40at8u52vl60w73rq9gfyss6z5upsxsqk0fr3c (npub1wxf…fr3c) Yes, the decline curves are such that you pretty much need to make your money back in the first year if not the first six months, or you have to drill a bunch of wells. Plus, finding the "sweet spots" in shales is also not as easy as picking out a seismic anomaly in a sand reservoir. Holding leases is also a big deal. When you have hundreds of thousands of acres under lease, your drilling obligations become huge. That's why these "shale mining" operations are only for the big boys.