Decline rate in the top US shale oilfields has steadily increased to half a million barrels per day now

SRSRocco Report latest: To keep production ahead of such decline, most companies are piling on debt even at current oil prices. Cash flow in top 10 Q1 2018? Minus $455 m.

Coming soon on Future Today: “A history of oil and gas production from shale: a 21st century Ponzi scheme.” And somewhat relatedly, “Why fracking in the UK is doomed to costly failure.”

Image: from article

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