The Next Paradigm For Oil

The U.S. tight oil rig count about 25% of what is needed to maintain 2019 levels of tight and total oil production. As U.S. supply plunges, the over-supply paradigm of the last 5 years may finally change. The U.S. tight oil rig count is now 155 (Figure 1). About 600 rigs are needed to maintain …

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