Friday, May 5, 2017

The Permian: Things Could Get Ugly -- May 5, 2017

Active rigs:

Active Rigs502786186192

RBN Energy: once again, Permian producers fear takeaway constraints, price hits. Related:
Related, from an April 21, 2017 post:
Shale doesn't matter?: From Reuters -- oil prices could tumble again on US shale influx. Shocked, I'm shocked! Memo to self: another note to Jane Nielson.
One has to ask: if XOM's CEO's job safe? Especially for overpaying (?) for "unknown" area in the Permian.

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