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NRGD - U.S. Tight Oil Estimate And Projection To December 2019
MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN
By Dennis Coyne
New tight oil estimates were recently released by the EIA. The chart below compares estimates from December 2018 to May 2019, where the December 2018 estimate is that estimate with the most recent month estimated being December 2018 and likewise the May 2019 estimate has May 2019 as the most recent month estimated. The May 2019 estimate is fairly close to the April 2019 estimate with a slight downward revision of the April 2019 estimate from 7,399 kb/d to 7,368 kb/d, March 2019 was also revised lower by 10 kb/d from 7,292