Quote:
Originally Posted by fotze
heavy oil wells can't just be turned back on either, would need a rig for each of them, supply shock is a coming. oh ya, aren't the royalties not in effect for 5 years now.
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There is only a break for wells drilled between 1000 + 3000m I believe. We're at 900+m so we get hammered Jan 1.
And you are right, a shut-in heavy well will never return to its original level of production prior to being shut-in.