Top U.S. Shale Oil Fields Decline Rate Reaches New Record…. Half Million Barrels Per Day
There will be blood – no, it’s more probably going to get real medieval. But there are companies that have positive cash flow as shale drillers are no uniform bunch. Much of the old investments will go up in flames and many players are going to die. But what has been learned will not be unlearned. And shale 2.0 is going to be very different from what we see now.
While the U.S. reached a new record of 11 million barrels of oil production per day last week, the top five shale oil fields also suffered the highest monthly decline rate ever. This is bad news for the U.S. shale industry as it must produce more and more oil each month, to keep oil production from falling.
