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Why gas prices are so high and what to expect in the fall
(www.ctvnews.ca)
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this post was submitted on 17 Aug 2023
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no drilling is the issue lol. Shale wells deplete crazy fast. The decline rate is 70% in the first 3 years. We are reaching peak production. If you reduce the number of operators through buyouts it's only going to make it impossible to crank out new production quickly.