The Cost of Transitioning From Conventional to Unconventional Oil and Gas

One of the important things about the switch from conventional to unconventional oil and gas is that it materially increased the cost basis. Back in the day, you could just put a drill bit straight down and hit a reservoir and produce oil from it for $10 a barrel. You cannot do that when you're injecting vast amounts of energy and sand and prop and water. That's all energy. Yeah. And so we have to be conscious of the fact that as we're transitioning from one fuel to another,. Whether it's from conventional oil and gas to unconventional or from coal to gas or from gas and oil and coal to renewables. Those things will come with different cost structures. Right. Absolutely.