Permian Continues To Add Rigs as OPEC Comes and Goes

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  • 01 Dec '17 at 9:07 pm #13766
    TradersCom
    Keymaster

    …

    [article]398[/article]

    04 Dec '17 at 8:46 pm #13771
    ThePitBoss
    Participant

    US production growth – UBS

    US light tight oil is widely expected to drive global supply growth in the near term – we expect the “Big 5” shale regions (Anadarko, Bakken, Eagle Ford, Niobrara
    and Permian) to contribute an average of ~900kb/d of growth annually over 2018- 21 – yet the pace of productivity growth and ultimate limits of US shale production
    remain key points of debate. In particular, the degree to which productivity drops off outside of core acreage and the extent to which improving technology and
    skills enhance recovery rates will have a significant impact on the trajectory of US supply

    04 Dec '17 at 10:24 pm #13772
    CautiousInvestor
    Keymaster

    At $58 – it’s time to sharpen those DRILL bits & get going 😉 🙂

    04 Dec '17 at 10:56 pm #13774
    MoneyNeverSleeps
    Participant

    [quote=”CautiousInvestor” post=3531]At $58 – it’s time to sharpen those DRILL bits & get going 😉 🙂[/quote]

    Yep it’s a gift from those OPEC henchman

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