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Wednesday, October 14, 2020

EIA Dashboards -- October 2020

WTI beatdown: at the sidebar at the right, who will be most resilient, the Bakken or the Permian?  Just look at the Bakken wells (oil and gas) compared to the Permian (oil and natural gas). Amazing. 

EIA dashboards:



2 comments:

  1. You get the wrong idea by looking at per rig metrics. Ask yourself thism, why aren't they equal? If the Bakken is better, why don't rigs flow there?

    Service costs, takeaway and taxes are all higher in the Bakken. And the Permian still has some exploration/delineation going on. That's why.

    High per rig metrics are just a result of low stim crews operating in the Bakken. Just extreme high grading.

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