Layoffs are coming. change my mind. Especially now that the AAET is gone, geologists are next.
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Where do I volunteer? I want out of this dumpster fire
Found the geologist^
And treating it like BOEs generate the same amount of cash whether it's 90% oil or 5% oil.
I agree on BOE. Companies are desperately hiding the fact that lots of theirwells are actually retrograde condensate and wet gas wells rather than volatile oil or black oil. Wall Street somewhat knows about bubblepoint but if they knew about dewpoint and liquids recovery they'd really p–p their pants.
I definitely don't mind Wall Street steering things too much, but the use of "BOE" has got to end. It's possibly the most wisely used misleading term in the business.
According to Wall Street, it's all the same down there and once you drill one successful shale well it's proven across the entire basin.
In 2020, the best way to get a geologist's attention will be to yell "Waiter!"
Has anything to this point been smart?
Yep get rid of the folks you need to find the product your company sells. Really smart idea.