Has anyone bothered with counting how many times shale was counted out and left to rot? I have not as it gets boring. Look at production numbers. Almost every week there is a new all-time-high. Rigcount goes down – big deal. Maybe the remaining ones are more efficient. Maybe they can do more things without the rig required. Maybe they learn how to squeeze the lemon better. But I understand Novak – the grapes are too high so they must sure be sour.
In recent remarks to a Pennsylvania shale oil producers’ convention, US President Donald Trump, noting the spectacular growth in shale gas as well as shale oil over the past decade