Tuesday, December 14, 2021

"How About .... fill in the blank..." December 14, 2021

Link here.

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Flipped

Link here.


This clearly says in plain English:

  • there will be a glut of oil in first quarter, 2022
  • prices will be higher in 2022 than they are now

2 comments:

  1. Bruce, it's the same story for IP3mo as for IP12mo.

    year IP3mo %of2021IP
    2021 51.4 100%
    2020 58.5 114%
    2019 54.3 106%
    2018 48.6 95%
    2017 46.1 90%
    2016 40.3 78%
    2015 33.2 65%
    2014 31.9 62%
    2013 29.3 57%
    2012 28.0 54%

    You can see that current wells are about twice as good as those from 2012. However, most of the increase happened by 2017.

    ReplyDelete
    Replies
    1. https://themilliondollarway.blogspot.com/2021/12/average-production-per-us-oil-rig-has.html

      Delete

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