Sunday, July 30, 2017

Results In The Eagle Ford Core May Place A Ceiling On Oil Prices, But USO Could Still Head Higher -- Filloon

Link at SeekingAlpha.

  • new well completions produce more oil, especially in the core, and continues to pressure the US Oil ETF (USO)
  • production improvements offset increased costs
  • better stimulation and increased proppant use per foot improve economics, and this data shows a significant improvement
  • This was part of a presentation given at the Bakken Conference and Expo
I'm not sure who writes these headlines, but something tells me the "Eagle Ford" won't put a ceiling on global oil prices. LOL. Maybe I'm misreading / misunderstanding something.


Yellow River, The Tremeloes

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