The Market And Energy Page, Part 2, T+332 -- December 19, 2017

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Title : The Market And Energy Page, Part 2, T+332 -- December 19, 2017
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The Market And Energy Page, Part 2, T+332 -- December 19, 2017

For the archives and to look back on this a year from now. Nothing new here; it's been talked about for quite some time. From 24/7 Wall Street, data points:
  • between January, 2017 (Trump takes office) and January, 2018 (first year of his presidency): US crude oil production from major shale regions forecast to rise by 1.2 million bopd, to 6.4 million bopd
  • next month (January, 2018): the total is expected to rise by almost 100,000 bopd
  • December, this month: total production should be 6.314 million bopd, an increase of 220,000 bopd compared to estimated November, 2017, production
  • DUCs in the Permian: 7,354! Incredible. Compare to about 1,000 in the Bakken



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