RE:Question.It puzzles me too. We were fooled thinking the lower number of rigs was bullish since the lateral wells are much longer than before.
https://twitter.com/JeremyMcCreaCFA/status/1731710765978275939
https://twitter.com/JeremyMcCreaCFA/status/1733846528102416892
The link below shows the associated natural gas that comes with new oil wells. This is quite major.
https://twitter.com/LeoNelissen/status/1732710932260770086/photo/1