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Frackers scrap idled equipment amid shale drilling downturn

catch22catch22
in Fund Discussions
This topic could affect some of your holdings that are more focused in this sector.

Frackers scrap field equipment

Real estate prices and development went wacko several years ago when the Bakken fields were put into production. I've not checked prices for years, but those first in and first out made some serious cash. This area may not be affected by fracking downturn. Oklahoma and Texas, perhaps more so. Williston, ND prices still look pricey to me.

Williston ND real estate Zillow

Comments

  • TedTed
    @MFO Members: This poster is trying to kid us. Nothing here that belongs on Mutual Fund Discussion Board !
    Regards
    Ted:(
  • hank
    Ted said:

    @MFO Members: This poster is trying to kid us. Nothing here that belongs on Mutual Fund Discussion Board !
    Regards
    Ted:(

    @Ted, Go bump yourself.

  • Old_JoeOld_Joe
    Ol' Ted... the real "owl"-

    image
  • hank
    @OJ - I say we pool MFO’s resources and buy Ol’Ted a ride on a nice new 737 Max!
  • PuddnheadPuddnhead
    Hi Catch,
    Thanks for the info. Since I'm slowly going into energy, this post is of importance. Have heard from several reads they expect oil to rise in 2 to 3 years.....due to lack of investment by companies because of price. And we all know how oil prices fluctuate over time. Thanks, bro.
    God bless
    the Pudd

    p.s.
    A few years back when oil crashed and fracking went bust for a while, there was a cat dealer whose place was overrun with equipment for months because of fracking from upstate PA. Have started to see it again.

    ......also......
    Ted, go to bed!
  • BenWPBenWP
    Fracking is such a messy, wasteful process anyway. I wouldn't be shocked to hear of irresponsible disposal of unneeded equipment, to say nothing of the natural resources already mined or extracted for the industry.
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