Energy Quote of the Day: ‘Our Grandchildren Will be Drilling Wells Out There’
Breaking Energy 2014-05-21
Summary:
The “out there” in this case is the Permian Basin in West Texas where Pioneer Natural resources has over 20,000 drilling locations. With over 10,000 net producing wells currently operating, the company has a significant drilling inventory that it plans to tap over the long term, assuming oil prices remain above $80 per barrel and