Shale Operators Running Out Core Drilling Locations? Not Yet -- Filloon -- March 28, 2018 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Shale Operators Running Out Core Drilling Locations? Not Yet -- Filloon -- March 28, 2018, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Shale Operators Running Out Core Drilling Locations? Not Yet -- Filloon -- March 28, 2018
link : Shale Operators Running Out Core Drilling Locations? Not Yet -- Filloon -- March 28, 2018

Shale Operators Running Out Core Drilling Locations? Not Yet -- Filloon -- March 28, 2018

Earlier this post: Update on the Permian -- Mike Filloon.  Link here. Part 2 here.

• Occidental, Chevron, EOG, and RSP Permian  have the top oil curves of operators with multiple completions
• Delaware well design improvements have increased oil production per location by 18% yoy. We believe there is greater upside in the Delaware in 2017 than in Midland. It is possible the Delaware has more upside than any other US play
• Lea County is starting to separate itself as the best county, although northern Loving has had a few mammoth results
• the drop in world oil inventories is enough to start pushing short pops in prices. We think WTI will push above $70/bbl by June, but pushing above $75 will be difficult 

There was something else Mike mentioned in that article -- in fact, he led with it:

In our previous article, we provided oil production data from the Midland Basin. From 2016 to 2017, this improved 32.5%.

Oil bears have stated that they believe operators will run out of core geology, and this will seal the fate of unconventional US oil producers. It is inevitable that shale will eventually dry up, but it doesn't seem to be occurring in the near future.

In a recent article, we provided an oil price estimate for the 2018 driving season. US operators continue to increase oil production, but it probably will not meet increased demand. We expect relatively large oil draws, and WTI to eclipse $70/bbl and peak at $75. This should push the US Oil ETF higher by 12% in just a few months. Oil prices should drop after and trade in the $60 to $70 range throughout 2018. It will be difficult to push oil prices above $75, as the resultant oil production could outpace demand.

https://ift.tt/2dZyQXu

Thus Article Shale Operators Running Out Core Drilling Locations? Not Yet -- Filloon -- March 28, 2018

That's an article Shale Operators Running Out Core Drilling Locations? Not Yet -- Filloon -- March 28, 2018 This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article Shale Operators Running Out Core Drilling Locations? Not Yet -- Filloon -- March 28, 2018 with the link address https://mylivemyidea.blogspot.com/2018/03/shale-operators-running-out-core.html

Tweet

Subscribe to receive free email updates: