NDIC webinar is up. Not a lot new. Said he thinks we'll be flat in DEC and JAN also (weather not bad). But that road restrictions will be a killer in the spring. Froze up very wet ground. So maybe some drop in spring.
Assuming we stay north of $55, I think we're lining up for more growth in summer/fall of this year. Maybe another 150,000 bopd or so. Break 1.6 MM bpd at least.
Meanwhile little brother, NM, is probably going to break a million in NOV or DEC EIA-914s, yet to come.
NDIC webinar is up. Not a lot new. Said he thinks we'll be flat in DEC and JAN also (weather not bad). But that road restrictions will be a killer in the spring. Froze up very wet ground. So maybe some drop in spring.
ReplyDeleteFlaring getting better. But I really don't care.
Long term production will reflect price and takeaway capacity. Otherwise, I don't see much change, either.
DeleteAssuming we stay north of $55, I think we're lining up for more growth in summer/fall of this year. Maybe another 150,000 bopd or so. Break 1.6 MM bpd at least.
ReplyDeleteMeanwhile little brother, NM, is probably going to break a million in NOV or DEC EIA-914s, yet to come.
It will be interesting to watch the Faux environmentalists in New Mexico watch their boom.
Delete