EIA published U.S. oil production figures for November yesterday and, yay, another record high in U.S. oil production (~13.308 million b/d). But not so fast, the adjustment factor came in at -315k b/d ...
Since early 2023, almost all production growth has resulted solely from productivity gains. The rig count, frac spreads, drilled but Uncompleted Well count and Completed Well count are now all finally ...
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