Thursday, July 25, 2019

EIA Dashboards: Bakken And Eagle Ford -- July 25, 2019

Folk are paying for research from analysts telling us that:
  • the Eagle Ford is in "permanent decline"; and, 
  • the Bakken is approaching peak production.
Well, duh. There's a worldwide glut of oil and WTI is barely selling at breakeven prices. What does one expect? Operators are "holding back." In addition, there are takeaway constraints in the Bakken and the really, really big problem in the Bakken is excess flaring that forces operators to hold back production.

But even worse, it appears analysts who tell us that the Eagle Ford is in "permanent decline" and the Bakken is approaching "peak production" haven't even looked at the most recent EIA dashboards:
 
EIA dashboards:
Screenshots today (because these are dynamic links):





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