According to analysis by John Kemp at Reuters, lower prices for oil and a slowdown in drilling activity are finally causing crude oil output to peak and turn down. In May, crude and condensates production for the Lower 48 states (excluding Gulf of Mexico production) rose by just 19,000 barrels per day compared with April….
The post As Rig Count Slips, U.S. Oil & Gas Production Begins to Flatten first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.