TexasTiger 12,829 Posted January 26, 2023 Share Posted January 26, 2023 Link to comment Share on other sites More sharing options...
SaltyTiger 7,789 Posted January 26, 2023 Share Posted January 26, 2023 Dang oil companies. “They ain’t seen nothing yet”. Link to comment Share on other sites More sharing options...
I_M4_AU 7,793 Posted January 26, 2023 Share Posted January 26, 2023 The rest of the story. But why did they stockpile so many permits? Stacey Morris, who is Director of Research for midstream index and data provider Alerian elaborated on these issues when I reached out to her for comment: “The President mentioned thousands of permits on federal lands. The permit number is inflated from stockpiling. Companies stockpiled permits on federal lands leading up to the President’s inauguration, because several Democratic candidates, including the president, supported banning new drilling permits on federal lands. Permits do not equate to production. There are a number of steps between securing a permit and actually bringing a well to production, and issues like labor constraints and fracking sand shortages are added obstacles. https://www.forbes.com/sites/rrapier/2022/03/11/what-is-holding-back-us-oil-production/?sh=19496bc46b6f Link to comment Share on other sites More sharing options...
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