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re: Is there going to be another retraction in oil prices?
Posted on 3/18/16 at 11:19 am to b-rab2
Posted on 3/18/16 at 11:19 am to b-rab2
quote:
I feel that this is a point where you start seeing completions ramp up on all these DUC's. This mean you'll start seeing more oil coming back to the market and we'll see a similar pattern to last year.
People are already completing DUC's IMO. Go look at the new bbl/rig coming on line compared to a year ago. Its doubled, in my opinion this is because they are already completing DUC's but aren't drilling as much. Lots of compaines are still hedged into 2016 so they will keep producing.
1
Posted on 3/18/16 at 12:12 pm to barry
I was just basing my opinion on what Abraxas' forward plan. The larger companies are probably already doing that. Thanks for link PetreauxCat. Are you still in Dallas?
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