Commodity Trade Mantra

Posts Tagged ‘US Oil Production’

U.S. Shale Boom May Come To Abrupt End

I believe US oil production will fall sooner & more sharply than many analysts predict. Average well productivity has decreased by one-third. Every rig taken out of service today has more than 3 times the impact on daily production as before pad drilling became common. A good thing for oil price recovery but maybe not for future shale plays.

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