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home / news releases / YGRN - Shale Production Decline Probable Within 12-18 Months Based On DUC Data


YGRN - Shale Production Decline Probable Within 12-18 Months Based On DUC Data

Perhaps the most interesting story in regards to the shale industry this year has been the steady decline in operating rigs we have seen since the beginning of this year, and the continued growth in shale oil and gas production despite it. The number of rigs operating in the US started declining at the beginning of the year and continued to do so for the past 10 months.

Source: Trading Economics

In December 2018, the total number of rigs operating in the US averaged 1,078 for oil and gas combined. Currently we are down to

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Stock Information

Company Name: Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
Stock Symbol: YGRN
Market: NYSE

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