{"id":30385,"date":"2023-08-31T16:01:47","date_gmt":"2023-09-01T02:01:47","guid":{"rendered":"https:\/\/srsroccoreport.com\/public\/?p=30385"},"modified":"2023-08-31T16:22:05","modified_gmt":"2023-09-01T02:22:05","slug":"bakken-oil-field-we-are-kaput","status":"publish","type":"post","link":"https:\/\/srsroccoreport.com\/public\/bakken-oil-field-we-are-kaput\/","title":{"rendered":"BAKKEN OIL FIELD: “We Are Kaput”"},"content":{"rendered":"

Every once in a while, I see something that really HITS the NAIL on the HEAD.\u00a0 And, to do it in three minutes and be hilarious, is truly amazing.\u00a0 If you want to know what is happening in the Shale Oil Industry, you must watch this short video on the BAKKEN… “We are Kaput.”<\/strong><\/span><\/p>\n

Actually, this video was put together by 50+ year oil veteran, Mike Shellman, back in 2020.\u00a0 Mike just reposted it today, and I thought I would share it on my website.\u00a0 If you haven’t checked out Mike Shellman’s Blog, I highly recommend you do and subscribe.<\/p>\n

His website is here: OilyStuffBlog<\/strong><\/a>.<\/p>\n

And, you can see new Forum Posts here:\u00a0 OilystuffBlog Forum Posts<\/strong><\/a>.<\/p>\n

We Are Kapput Post Here:\u00a0 OilystuffBlog “We Are Kapput.!!”<\/strong><\/a><\/p>\n

Mike took the infamous Hitler Bunker Scene and added his Captions.\u00a0 These captions perfectly describe what is taking place not only in the Bakken, but also in the other Shale Oil Fields<\/strong><\/span>.\u00a0 While it will take a bit of time to show, there are so many RED FLAGS now happening in the Shale Industry; Peak is now here.<\/p>\n

We must remember, that the Shale Industry used up 4,500+ DUCs – Drilled But Uncompleted Wells over the past two years, and didn’t have to book these as CAPEX costs, but now will have to.<\/strong><\/span>\u00a0 Thus, the shale companies reported lower CAPEX and higher Profits & Free Cast Flow due to this high Pre-Pandemic Inventory of DUCs.\u00a0 That comes back to haunt them now that costs have exploded, and they now have to DRILL & COMPLETE wells to maintain production.<\/p>\n

CLICK on the IMAGE below, and it will take you to the Page that Mike Shellman used to make this video:<\/p>\n

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You can also click on the link below:<\/p>\n

OilystuffBlog… “We Are Kaput!”<\/strong><\/a><\/p>\n

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