Of those 8000 or 9000 oil leases that Government is talking about , where they say the oil companies have not done any drillling; a few question on them....


1. Of the leases, how many wells drilled , on average, come up dry; for every well that produces oil or gas ?

2. Are those leases on land, or offshore leases ?

3. the areas they are talking about that are unused; are they high quality areas known for producing huge amounts of oil or gas ?

Just a talking point from the Biden administration trying to shift the blame off of them. If those leases had good oil they would be drilled

Oil executives made billions in covid relief. They can sit on leases for ten years before they lose the title. In that time those said lands can’t be used for recreation I don’t believe. But it’s only about 7 million acres so no biggie right. Companies stockpiled leases but don’t need to actively use them all.

It’s easier to blame the “elites” than it is to actually see how the other elites are monopolizing things.

You can do a simple google search to take you to one of very many sites . However I’ve recently learned in this website that anything associated with google is a lie.

lol

Keep on, your credibility is nearing that of google.

I would love to see companies operate at net zero for 6 months, just 6 months. Probably wouldn’t take that long.

What is the price of oil going to be 2 years from now when these oil wells will be producing oil? If the oil companies thought it would be $100 a barrel, they would be drilling. The American consumer would be crying about gasoline prices at $100 a barrel oil.

I'm sure there is a grain truth to what the administration is saying . If the oil companies don't have to produce cheap oil to pay their bills they are not going to . The open hostility this administration has toward oil and gas has emboldened speculators to get in deep and drive prices up

Company I work for bought oil Wells that came with approved to drill permits from the early 80s that were never drilled...

Now I'm not deep enough into that end of my company to truly understand that. But sure seems to fit the narrative theys pushing... And more than likely was a good reason those wells never got drilled..

They grand the permits but to a get the drill in the ground with the EPA regs is another story

So if the government leases 1000 acres to a trapper and he has to build a bridge to get there, it’s his fault he doesn’t trap it.

Sounds logical to me.

Here's a question i have on the leases... If they are dry or otherwise not feasible to drill, how long are they stuck with the lease?

To trap 3 dollar coon.

So let me ask you this , How much drilling would you do with this administration looking over your shoulder and ready to drop the No fossil fuel hammer at any time

This is always a risk with any government. The worse thing that happened to many businesses in 2020 was the government saving lives. I would be more worried about being stopped by greeny lawsuits using existing laws. IMHO

Oil production from a typical well. Note how fast they are unproductive.

Just think the loss alone with the keystone pipeline stoppage who is going to jump into that and invest heavily in that with the system promises of shutting you down. A change of leadership is the main problem now the rest is just fluff!

During the boom in ND, there was all kinds of land leased by oil companies and they never stepped foot on the land. They leased it to keep other companies from drilling on it. They never intended to drill on it. Everyone around my area got a well or a lease to tie up the land.

Why did my video get taken down? It was a lot of good info.

Silly me. I posted on the other oil thread.

Does the lease come with a permit to drill???


Here's why I ask.
https://www.cnn.com/2022/02/21/us/biden-climate-social-cost-of-carbon-court/index.html

Or did he recind this order to halt?