Friday, January 10, 2020

"Shale Profile" Analytics Suggest A "Minor" Drop In November Crude Oil Production For November, 2019

A reader sent me this note moments ago:
Shale Profile had a January 7, 2020, article that said ND will have a small drop in the next monthly report.
They have been spot on previously with these early calls and explain how they get the info.
"Early next week we will have a new post on North Dakota, which just made November production data available in their subscription service (showing a preliminary minor drop in output)."
https://shaleprofile.com/2020/01/07/us-update-through-september-2019/ 
Next "Director's Cut" -- with November, 2019, data, is scheduled to be reported January 17, 2020.

My hunch:
  • crude oil production down slightly 
  • natural gas production up moderately, setting a new all-time record
  • BOE production up slightly, possibly setting a new all-time record

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