Fracked Oil Wells Declining Faster than Drillers Might Realize, Report Says

[TexasTowelie]

West Texas oil drillers might be over-estimating how long their wells are going to last. That’s the takeaway from a new report that says the problem could lead to higher costs for the industry in the years ahead.

In the grand scheme of oil history, the fracking revolution is still pretty young. So, companies don’t know a lot about how fracked wells are going to perform over the course of decades, like they do with older wells.

Now, research firm Wood Mackenzie says it’s found that production from some West Texas wells is declining faster than drillers might realize.

“The Permian is a tough basin, and as it matures, there are more and more challenges that are emerging,” says the firm’s Robert Clarke, a co-author on the new report. “And that’s to be expected.”

Read more: https://www.houstonpublicmedia.org/articles/news/2018/07/30/297619/fracked-oil-wells-declining-faster-than-drillers-might-realize-report-says/

[Crutchez_CuiBono]

1. But the water they use

is destroyed forever and mixes w other water in aquifers, contaminating them.
Why not solar cars? They can sit outside all day and charge. They may not be viable just as solar, but, as a hybrid they seem desirable to me. My car gets so hot outside, why not use that energy? One things for sure....the sun is going to shine, and if these last few summers are an indicator, it's going to get hotter and hotter.

[Raster]

2. Because Rexxon can't profit off of the sun.