The “run out” comes from saying it came from dinosaurs. No more dinosaurs, no more oil. Except that was a common statement back in the 60’s, not a true statement. Just a typical misconception.
Run out comes from wells pulling dry lol. And area sizing , prospecting,for product after production. There's a reason rigs are relocate and Jack's shut down and capped after the oil "dries up". It's gone.
There's a reason those companies and the ones that supply them have contacts to return after 5-15 years to reopen them. The caps are temporary. Go on, check me.
Hollywood lost me at the 'run out' part.
Being from Texas and knowing a lot of landmen, it lost me as well.
Oil never runs out.
It is constantly being made by deep underground forces.
Nobody understands it.
The “run out” comes from saying it came from dinosaurs. No more dinosaurs, no more oil. Except that was a common statement back in the 60’s, not a true statement. Just a typical misconception.
Run out comes from wells pulling dry lol. And area sizing , prospecting,for product after production. There's a reason rigs are relocate and Jack's shut down and capped after the oil "dries up". It's gone.
There's a reason those companies and the ones that supply them have contacts to return after 5-15 years to reopen them. The caps are temporary. Go on, check me.