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Sunday, November 27, 2016

Delaware Basin Adds To Oil Glut -- Filloon -- November 27, 2016

Bakken update, part 4: Delaware Basin production adds to oil glut; basin production increases 52.5% per well in 2015, over at SeekingAlpha:
  • the Bakken, Eagle Ford, Delaware and Midland have all shown a very large increase in production per well for 2015
  • production per well improvements can be attributed to high-grading, but well design to a higher degree
  • the increased production per well has helped to offset the decline in completions, and the reason US production remains higher than analyst expectations.
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