Filloon Updates The Midland -- Similar To Previous Updates -- August 7, 2017

Summary over at SeekingAlpha:

• new well completions continue to produce more oil and this will continue to pressure the US Oil ETF (USO)
• production improvements more than offset the increased costs
• completions using more than 10 million lbs of proppant are improving economics in the Midland Core
• the Midland core continues to be one of the best areas in the US, and this is why operators like PXD are hedging below $50/bbl