whiting petroleumThis was one of Nuttall's other top picks this week. They are the largest producer in North Dakota. He referred to it as the US version of BTE. They released their Q4 after market close today and of note is that their production in Q4 averaged 155k BOE's per day and the mid-point of their guidance for 2016 is 133k - a 14% drop!! They have slashed their CAPEX by 80%, including cutting all fracking and well completions as of April 1. This is a huge precedent.
So anyone who has any doubts about whether US production will decline should think again. I expect to see many more similar pronouncements from other producers.