Interesting article about a company you probably haven’t heard of, but one that owns far more onshore oil and gas wells than Exxon.
The strategy is one of buying old “dying” wells to squeeze more life out of them.
The company isn’t short on controversy – the environmental cost of such wells is high (they leak gas) and once done they need to be plugged, which the company seems to do at a fraction of the cost of others.
Interesting contrast in a world of rising energy costs.
