USAI - U.S. Shale Activity: A Report From The Dallas Fed

Introduction

It has become increasingly difficult to make a meaningful energy market forecast as market fundamentals - commodity prices, are changing daily these days. Always to the downside.

I had thought when I originally wrote this article for The Daily Drilling Report that we would see some immediate reaction from the "front lines," in this war. The rig count would decrease and the inexorable rise in shale production would finally flatten, if not start down. We all know it has to happen... eventually. Now would be nice. Alas, such was not the case.

Baker Hughes

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