Editorial - Serious about depletion

08/23/2004
Serious discussion has erupted outside the oil and gas industry about the important topic of depletion. The industry, to which depletion is not news, should make sure the discussion remains serious.Until recently, nobody outside the oil and gas business talked much about the habit of hydrocarbon-bearing rocks to void themselves through production. Inside the business, depletion is just a fact of nature, a normal production phenomenon, something to be accounted for in planning but nothing to get excited about.Now, however, depletion has entered the mainstream. Heavyweight general-interest publications from the New York Times to National Geographic have written in depth about the subject. W...
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