EXXONMOBIL SHALE OIL PRODUCTION: Utilizing SuperFracks By Running Faster & Faster To Stay Alive

ExxonMobil is counting on using SuperFracks to increase its Permian shale oil production… or that’s the hope.  This is a terrible sign because these SuperFracks may add more production on the front end, but the decline rate at the backside is much more severe.  As ExxonMobil pumps in a record amount of fracking sand…

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TROUBLE AT MIGHTY EXXONMOBIL: Record Number Of Shale Wells While Permian Oil Production Remains Flat

There’s trouble brewing in the U.S. largest oil company while most investors remain in the dark.  ExxonMobil added a record number of wells in the Permian during the first three quarters of 2019, only to see the company’s oil production plateau.  What a difference in a year when Exxon bragged…

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