MICA

I think that you are missing my point. The money lnsoig shale operations were producing negative cash flows even though the companies were reporting profits.Not at all, and if you check back to some of my previous comments on these topics you will see that I am in agreement with much of your commentary on shale gas production (and the associated accounting dodges). However it appears that you are conflating a lot of the problems with shale gas plays to the Bakken. Core Bakken wells are reaching payout is 5-6 months. Ultraflat & unrealistic decline curves are not necessary to make the play economic at $80 oil. I don't have access to "average ND" Bakken decline curves but unless you are a consultant in the trend I doubt you do either. I'm not even sure how to define that.The critical difference of opinion here is that you are equating gas shale plays and all their issues with plays that are referred to (incorrectly) as "oil shale" plays. The Bakken and Eagleford are not producing from shales. The oil from both is being produced from thin carbonate layers contained within the shales. It requires hz & frac to access economically but once that is done the Bakken in particular behaves more like a large tight conventional reservoir.That's probably too much detail for this forum - bottom line is if wells are paying out in 6 months they are making money....... http://uimitzevor.com [url=http://zqhxon.com]zqhxon[/url] [link=http://evyzjs.com]evyzjs[/link]

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