Marathon just announced a 21% slice in capital budget... bakken and dividend full steam ahead. They cut Oklahoma and new field testing. Circling the wagons in the crisis.
Thank you. This will be so interesting to watch. My hunch is that some producers may in fact still meet their production guidance for 2020, or come close, even if cutting CAPEX. Of course, by March, so much is already in place for the year and can't be stopped.
Shaleprofile again has the early ND report. Down ~3%.
ReplyDeletehttps://shaleprofile.com/blog/bakken-monthly-update/north-dakota-update-through-january-2020/
They only show the hz, post 2005 production, so total will be slightly off. But the drop will be right.
Thank you.
DeleteMarathon just announced a 21% slice in capital budget... bakken and dividend full steam ahead. They cut Oklahoma and new field testing. Circling the wagons in the crisis.
ReplyDeleteThank you. This will be so interesting to watch. My hunch is that some producers may in fact still meet their production guidance for 2020, or come close, even if cutting CAPEX. Of course, by March, so much is already in place for the year and can't be stopped.
Delete