Sunday, March 12, 2017

For The Time-Date Stamp Only; 50th Anniversary Of "The Summer Of Love" -- March 12, 2017

A huge "thank you" to a reader for making me think of this: with upwards of 800 DUCs -- many of them reaching their two-year deadline -- this might be the "summer of DUCs" -- especially if crude oil starts moving up.

Some folks are suggesting that the increased OPEC exports in February was due to OPEC off-loading terminals and crude oil tankers already en-route, and that the affect we are hoping to see with the price of oil due to OPEC cuts announced in late 2016 are yet to be seen. We'll see.

But if this is the "summer of DUCs," we might get a chance to see some new completion strategies. Rumors are for some huge completions. We'll see.

The "summer of love" was the summer of 1967, fifty years ago. Wow.

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