Post by
houbahop on Nov 28, 2020 5:33am
US natural gas production for the week ending Nov. 18
According to EIA, 90.6 Bcf/d vs 95.4 Bcf/d same week last year.
5% production decline while rigs used has been down about 45% all year long AND with a 15% decline in oil production year over year.
There is absolutely no possibility of a NatGas sustained price increase if rigs efficiencies are following this trend.
Comment by
Yasch22 on Nov 28, 2020 1:57pm
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Yasch22 on Nov 28, 2020 2:05pm
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Yasch22 on Nov 28, 2020 4:01pm
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Comment by
stockfy on Nov 29, 2020 6:15am
Well said. DUCs can do the job for the next 2-3 quarters thanks to the increased inventory.