Helping America Navigate a New Energy Reality

Quote – 16 Feb 2015

By on 16 Feb 2015 in quotes

“The decline in the U.S. rig count likely remains well short of the level required to slow U.S. shale oilproduction to levels consistent with a balanced global market. Lower oil prices will be required over the coming quarters to see the U.S. production growth slowdown materialize.”

— Goldman Sachs, from a note on Tuesday, in which they forecast a likely 615,000 b/day increase in oil production by 4th quarter from the Big 3 shale basins: Bakken, Eagle Ford, Permian.

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