RE:Red/JD, DUC's continue to drop and productivity down on all BayStreetWolfTO wrote: Not looking good. As mentioned earlier the best DUC inventory has been depleted. We are on to the scrap inventory now...with the SPR release doing nothing Biden is in trouble...
IEA - Drilled but uncompleted wells in US shale basind fell by 114 m/m to 4,273 in March US EIA forecasts new well oil production per rig at 1,847 bpd for Bakken (vs 1,879 bpd month ago);
DECLINE! 1,146 bpd for Permian (vs 1,160 bpd month ago);
DECLINE! 1,990 bpd for Eagle Ford (vs 2,052 bpd month ago).
DECLINE! 3 strikes.... ![User image](https://pbs.twimg.com/media/FQpXcVAWUA0jH2B?format=jpg&name=medium)
shockingly the EIA continues to call for American production increases, significant increases, when all the data says otherwise