Comments by "D W" (@DW-op7ly) on "Piston Pundit" channel.

This is why Americans will fall behind in AI AI is ultimately about data you got a good chunk of Americans who dont want to give up data
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Yeah and you want your grandkids to resort to driving a steam engine in 100 years from now
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@lv4077 like I said 50 years of oil reserves 500 years of rare earths Maybe you are a in cell who will have no grandchildren to think about
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@MrBravadaMan if you are referring to US Shale oil???? The problem has been it’s been borrow and drill then pump sweet spots the borrow and drill some more to keep the production rates That’s because the depletion/decline rates on these existing wells is horren dous they have to drill those sweet spots To the point these Shale Oil companies are looking transition to Natural Gas 👇 Shale Wells Producing More Early On, Then Declining Faster Than Ever The challenge of sustaining shale production is growing larger. August 16, 2023 Production from the average US shale oil well is declining more rapidly every year, with the biggest losses by far in the Delaware Basin, according to a report from Enverus. Increasing rapid declines by many thousands of older wells are obscured by the rise in total production from new wells as the industry engineers completions to maximize early production. JPT
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@MrBravadaMan DECLINE RATES IN THE BAKKEN SHALE For decades the oil industry has applied a simple rule estimating a constant “decline” rate in conventional oil wells. Typically production in an oil field declines at an annual rate of around 8% to 10%, absent further investment. This allows field production to be counted on for two decades or more. Shale oil development, however, has turned the rule of thumb on its head, with decline rates as much as 50% in the first year. In order to maintain oil shale production the industry must constantly drill new wells. IAEE
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