[Aqua Blue RS/SS]

Originally Posted by SS376

Misleading data. Drilling permits are only a small part of the process. The Biden admin has been actively stalling the many other steps needed to actually extract any oil.

Yes sir, Exactly the point I tried to make earlier. Getting the permits for right of ways, well site equipment (pumping units, compressors etc) and all the other red tape is where the progress gets killed. Some of our more recent drilling has taken well over a year to get completed with us doing everything in our power to expedite the process. For the wells already being produced, we have had to create and hire 8 new positions this year to keep up with all the extra regulatory burden of new fugitive gas emissions laws. We have a whole team now assigned to keep us compliant with that mess. They are making use replace gas driven pneumatic devices like compressor liquid dumps, glycol pumps, separator dumps etc. with instrument air.(think small 12v air compressor and tank setup) The amount of natural gas most of these devices release quite literally amounts to just a fart. I’ve been over seeing the development of our instrument air program to remain compliant. This is easily going to cost us hundreds of thousands of dollars to get and remain compliant. This is just one of many ways, they are keeping things rough for the producers. Other than actually drilling wells which in its self is a real bitch.

If we were to be found in large scale un compliance, we could quickly be fined into bankruptcy. This isn’t even emissions related to running the pumping unit engines, compression engines, and salt water disposal engines. That’s a whole other area of legislation that could put us bankrupt on its own if largely un compliant. If half of you had the slightest clue how bad the legislation and the red tape are right now you’d be even more outraged.

I can tell you for sure, there is no sandbagging on production in the company I work for. It’s an untrue narrative that the oil companies are striving to keep supplies low. Why would they? Sure you can say to somehow keep profits high and supply low but, we really don’t have that much capability on a large scale. That would be a huge ordeal to orchestrate. Booms are when producers and mid steam operators make the capital to pay off loans and fund future projects. We are pushing harder than ever to get every last MCF of gas and barrel of oil we can right now. Luckily funding drilling isn’t hard for us as we pay cash up front for everything we do with absolutely zero debt. We normally buy out bankrupt companies mineral rights and assets when in a bust time because of our zero debt policy. We haven’t had bust related layoffs EVER in the 60+ years the company has been in business, which is unheard of in the oil and gas industry.

Just a couple more cents from an evil oil man