If you stop and think about SB21 there is no incentive to put oil in the pipe. Cap the wells until prices go up. If we stop SB21 big oil will be forced to put more oil in the pipe to cover expenses until OPEC stops flooding the market and prices go back up. Bottom line up front is that the pipline is not at 1/4 because we have no oil. It is because prices are so low it is better to just pump enough to cover costs until prices go back up. I know this as a fact. Not one oil lease I have ever been offered has incentives to produce. They all have a clause that wells can be capped indenfinatley, for just this reason - low prices.
That is where our PFD is going for the next three years. Then what?