Baytex Energy Corp T.BTE

Another interesting tid-bit

[topdown99]

I just read on oilprice.com that updated figures show US oil production has been declining since Nov 2021 (as reported by Wolf) with Feb production actually dropping 457,000bpd in that month alone . Also , I saw another article which shows the EU is ramping up purchases of US oil (2M bbl's delivered to Spain late in Apr) not to mention US LNG . It looks like the EU is soaking up a big chunk of Biden's SPR releases . It would seem that Biden once again has pulled the pin out of the grenade but dropped it on the floor rather than throw it at the target . Its just one disaster (for the dem's) after another with old Joe asleep at the wheel , lmao !!!!

[navajojoe]

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[masfortuna]

So we have been led to believe until now Nava.  It looks like it has actually declined from the most recent info from the EIA.

[JohnnyDoe]

. I'll link the article. It clearly says down 457k since November. There's been an ongoing dialogue about the DUC inventory, the drill rig count and the frac count going back many months. I am not surprised the production is down, the data points to that result https://oilprice.com/Latest-Energy-News/World-News/EIA-Monthly-Data-Shows-A-Dip-In-US-Oil-Production.html

[BayStreetWolfTO]

JD, next DUC inventory update will be interesting...Frac spreads really not moving Supporting labour and materials issues.