There is a lot of old wells that still have reserves in them. In the older days, artificial lift technology was pretty crude. Today it is a lot more refined. They are doing a lot more to get the oil and gas out of the producing wells because it is worth so much more than the old $5 and $10 per barrel than the old days.
In the early to mid 90's, no one would think you could successfully drill and produce in 10K ft. of water. It just takes more money and better technology.
I just need 5 more years of this ****e and I don't have to worry. Unless my 401K takes a crap again.
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