---
title: Q3 2022 Goehring & Rozencwajg Commentary - Why Won't Energy Companies Drill?
description: Oil prices remain high, but oil companies aren’t drilling. The answer is pivotal to the future of the energy markets. In this letter, Goehring and Rozencwajg, discuss the reasons why.
image: https://info.gorozen.com/hubfs/Content%20Offers/2022.Q3%20Commentary/2022.Q3%20G%26R%20Commentary%20-%20LinkedIn.png
---

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# Why Won’t Energy Companies Drill?

![2022.Q3 Commentary Cover Image](https://info.gorozen.com/hs-fs/hubfs/Content%20Offers/2022.Q3%20Commentary/2022.Q3%20Commentary%20Cover%20Image.png?width=202&height=259&name=2022.Q3%20Commentary%20Cover%20Image.png)

In our latest quarterly commentary we address the most pressing issue facing the energy markets today: *Why Won’t Energy Companies Drill?*

Almost all of the companies can generate extremely high IRRs at today’s energy prices. But yet the rig count remains muted. Why? We try and answer this seemingly simple question in our latest letter.

Please be advised, this letter is abridged given we dedicated a lot of time and effort towards our Investor Day, held in New York City on November 3rd. The event was a huge success and we invite all to please visit [conference.gorozen.com](https://conference.gorozen.com/) to register to access the replay.

## *Please fill out the form on this page to download a copy of our Q3 2022 market commentary.*

## *Download Your Copy*

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