Agreed, demand in the patch will be increasing with the current oil and macro environment. Nothing like sustained high oil prices with high returns per barrel to increase drilling and demand for rigs, completion teams, oil field services, steel casting and materials.
Jewell should have recovered development cost by now surely. Rangers about to have completions underway in the coming days at a higher return rate should it be successful and emulate Camino SDK well.
Flames and Woodford exploitation should now be priority to get into the recoverable zone.
2022 will be drilling HBP and I would now anticipate continued drilling and development in 2023 as higher margins on oil and gas production are likely to remain for the medium to long term.
Keep well cheers Paul
Agreed, demand in the patch will be increasing with the current...
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