"US onshore producers risk entrapment in a cycle of inefficient drilling, forsaking positive cash flow for greater volumes and market share. High production could also make the Biden administration more focused on promoting other forms of greener energy. " Financial Times
Like it or not, believe it or not, this Novi chart is TRRC data, the ONLY data that matters, thru September 2023. We are beginning to see the ramifications of falling rig counts last May and well numbers and associated gas is starting down. US oil growth is over.
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