RE:RE:RE:Red/JD, DUC's continue to drop and productivity down on all This is some game of chicken going on between the US producers and Uncle Joe ... one might conclude that they are both committed to driving it into the ground. But of course for different reasons.
Joe wants panic to drive the New Green Deal.
Big Oil wants the government to panic, and give them carte blanche to expand on their terms.
Oh Boy.
BayStreetWolfTO wrote: JD, just like OPEC dumped the IEA....the gig is almost up for the EIA...they will soon be proven unreliable by the masses.
DUC's exhausted (the good ones), rig and frac spreads in decline, production flat, costs increasing, supplies and labor scarce....the egg timer is running out of ticks
JohnnyDoe wrote: 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.... 
shockingly the EIA continues to call for American production increases, significant increases, when all the data says otherwise