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JWC
Veteran
Veteran

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Joined: 28 Feb 2011
Age: 44
Gender: Male
Posts: 740
Location: Macondo Wellhead

02 Mar 2011, 5:34 pm

New technology comes to market every single day. It's not a case of one big leap; more like a million small steps.

Yes, primarily new exploratory efforts. My intention was to make a conservative estimate, it very well could be much more. Many companies only buy wells that major oil companies have abandoned and profit by coming up with creative ways to extract more oil from them.