U.S. Oil Production is falling FAST

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dan_s
Posts: 37313
Joined: Fri Apr 23, 2010 8:22 am

U.S. Oil Production is falling FAST

Post by dan_s »

Here is more support for why I believe we are going to see a BIG DROP in U.S. oil production in Q4.

http://www.ogj.com/articles/2015/09/bhi ... id=1175222

I believe the number of onshore rigs drilling for oil will drop under 600 in October and will keep falling until oil prices move back over $60/bbl.
Dan Steffens
Energy Prospectus Group
dan_s
Posts: 37313
Joined: Fri Apr 23, 2010 8:22 am

Re: U.S. Oil Production is falling FAST

Post by dan_s »

Other analysts are starting to see the big drop in production just ahead.

http://www.oilandgas360.com/iea-citigroup-say-u-s-production-drops-of-up-to-500-mbopd-are-on-the-horizon/?utm_source=Closing+Bell+Report&utm_campaign=04592252ab-Closing_Bell_Campaign9_11_2015&utm_medium=email&utm_term=0_a32a355444-04592252ab-26401157&ct=t(Closing_Bell_Campaign_7_1_2015_7_1_2015)&goal=0_a32a355444-04592252ab-26401157
Dan Steffens
Energy Prospectus Group
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