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Shell spends $7 byn for dry hole in the artic.
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MTfarm
Posted 9/29/2015 09:04 (#4814498 - in reply to #4814475)
Subject: RE: Shell spends $7 byn for dry hole in the artic.



Shelby, MT
I haven't researched it any but I would be really interested in the actual test results of the well. They found oil and gas just not commercial quantities at the moment. The well still might be 1000 bbl/d and not be commercial in that location... with some numbers we could all surmise the future of that place... and if there were 3 or 4 operators drilling then there might be enough to justify facilities when oil is high again... anyways interesting stuff... The oil business is a high dollar business..
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