Shale Oil Myths - "US Production Is Struggling To Grow" -- Richard Zeits -- December 9, 2019

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Title : Shale Oil Myths - "US Production Is Struggling To Grow" -- Richard Zeits -- December 9, 2019
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Shale Oil Myths - "US Production Is Struggling To Grow" -- Richard Zeits -- December 9, 2019

Great article over at SeekingAlpha submitted by Richard Zeits. (If the link is broken, archived here.)
  • claims of stagnating U.S. production have become popular recently but are often vastly exaggerated
  • catch-up can be around the corner: growth pace during the second half of this year could significantly exceed 1 MMb/d in annualized terms
  • longer term, U.S. production may face greater constraints from low-cost global competition as opposed to geological limitations
The article begins:
In this note, we offer for debate one of the most popular recent controversies: are the current commodity prices sufficient to support strong U.S. oil production growth in 2018?
We discuss some of the recent myths surrounding this issue and the reality the way we see it.


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