Rodent + 1,424 September 7, 2018 US oil rigs this week: 860 US oil rigs this week last year: 756 EST Avg production this week 11 million bpd EST avg production this week last year 8.781 million bpd this week avg daily production/well: 12,790 this week last year daily prod/well: 11,615 Good trend? Bad trend? Neither? Quote Share this post Link to post Share on other sites
Dan Warnick + 6,100 September 7, 2018 45 minutes ago, Rodent said: US oil rigs this week: 860 US oil rigs this week last year: 756 EST Avg production this week 11 million bpd EST avg production this week last year 8.781 million bpd this week avg daily production/well: 12,790 this week last year daily prod/well: 11,615 Good trend? Bad trend? Neither? Uh, let's see now: Up, up and up. I'd call it a good trend. Contributes to a down price opinion, in my case anyway. But, if you have enough money and some media friends, you could spin it as anything you want. I don't have any problem with the spin, that's what they do. The skill we all aspire to is to read all presented data and come up with reality. Reality that leads to profits, either monetary or in support of our given tasks. IMHO. Quote Share this post Link to post Share on other sites
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