• Shortstack@reddthat.com
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    1 year ago

    There it is again: Faster Than Expected.

    We seem to be pretty terrible about accounting for feedback loops when we create prediction models.

  • sinkingship@sh.itjust.works
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    1 year ago

    “Summed up, the industry’s treadmill is speeding up and this will make production growth more difficult than it was in the past,”

    And I am darn happy about that! Still shamelessly talking about growth, that’s just crazy.

  • eleitl@lemmy.mlM
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    1 year ago

    Effective life of a fracking well is about three years. It can be refracked a couple more times, each with a lower yield. That sweet spots are developed first exacerbates the problem.

  • taj@lemmy.ml
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    1 year ago

    And yet, they’re still drilling and fracking like mad.

  • NaoPb@beehaw.org
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    1 year ago

    Seems we weren’t that good at predicting capacity of a well in the first place then.