$80 oil.....
An OPEC spokesman says he believes that there is a chance that oil prices may hit $80 a barrel sometime within the next two years. Which is why we've spent the last several months in Andrews Co. recompleting this well.
I took these photos on Tuesday as we injected 5000 gallons of acid into a well to fracture the geologic formation to allow oil to flow. The oil business is an exciting way to make a living...if you don't go broke first.
By the way, the OPEC ministers don't believe that oil would stay at $80/BBL. for long...it would probably drift back to the $50 range as higher prices brought on increased production.
An OPEC spokesman says he believes that there is a chance that oil prices may hit $80 a barrel sometime within the next two years. Which is why we've spent the last several months in Andrews Co. recompleting this well.
I took these photos on Tuesday as we injected 5000 gallons of acid into a well to fracture the geologic formation to allow oil to flow. The oil business is an exciting way to make a living...if you don't go broke first.
By the way, the OPEC ministers don't believe that oil would stay at $80/BBL. for long...it would probably drift back to the $50 range as higher prices brought on increased production.
