RE:RE:RE:RE:RE:IT isYou are right about OIl news. It is no brainer. USA doesn's have any oil. all of those "production" numbers they post are all fraud. US petrodollar is about to be domped globaly, and oil will not be accessable. I got that,.. the problem I have is this i d i o t s running VET. They are all woke, climate change, energy transition, clowns.
CashGreenGold wrote: So is Rystad Dumb too?? Fvckin stooge... Get a life...Oh thats right... You cant afford one LOLOL
Poor Fvck
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US tight oil operators have for several months been depleting their inventory of drilled but uncompleted wells (DUCs) and, amid a slower drilling response, the number of ‘live’ DUCs in the country’s major oil regions slumped to 2,381 wells in June 2021, the lowest level since 2013, a Rystad Energy analysis reveals. The total number of horizontal DUCs in the Permian, Eagle Ford, Bakken, Niobrara and Anadarko regions combined fell to 4,510 wells by the end of June. That implies a reduction of 1,800 wells from the peak of 6,340 in June 2020 and an average depletion of 150 wells per month over the past 12 months. The last time the size of the inventory was at this level was in the second half of 2018.
However, the total includes so-called ‘dead’ DUCs – or wells that were drilled more than 24 months earlier and remain uncompleted. Empirical evidence shows that more than 95% of wells drilled are typically completed within the first two years, and hence the probability of those more than two years old getting completed now are low. Therefore, including ‘dead’ DUCs to gauge future activity or forecast production is often more speculative."