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SZO - Shale Oil Well Productivity Continues To Stagnate
August, 13 2019 07:30 PM
DB Crude Oil Short ETN
Welcome to the latest EIA DPR edition of Oil Markets Daily!
EIA released its latest drilling productivity report yesterday and we found some interesting things we want to share.
For starters, US shale oil well productivity change is stagnating, implying that well productivity is not getting better.
Source: EIA DPR, HFI Research
We can see that it topped out around Q4 last year and has not improved since pushing year-over-year productivity gain to flat now.
Second, most of this stagnation is the result of the Permian well productivity now back to where it ended 2018.
Read more ...
Stock Information
Company Name:
DB Crude Oil Short ETN
Stock Symbol:
SZO
Market:
NYSE
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