Twin Butte Energy Ltd TBTEF

U.S production

[cender]

Anybody else as astonished that it refuses to drop  from 9.2 million b/d  ?  At least 5 million of those barrels are from high decline shale fields (30% decline rate)  . That should cause a drop of 1.5 million b/d in a year if there was no drilling . There has been some drilling but I cant imagine enough to offset that decline . Now it is true there have been GOM additions of about 400k b/d in the last 4 months  .  The strongest positioned  producers like CPG , EOG, CLR  etc. have recently announced large cutbacks in 2016 spending ..finally .  So maybe in 6 months we  will see the decline in production , if not those formally strong producers could also face distress sales .  There must also be large declines in other countries  not including  the middle east as russia recently announced a 6% decline for 2016 .  Time is the enemy of TBE unfortunately .