Monday, June 14, 2010

Production Turns Down.

Robry is back from his vacation and has posted updated numbers. I have estimated the last day's production for the last week, but the numbers are clear: Production is falling from previous weeks. This is a surprising result and will have to be watched carefully. Other news was rig counts are falling overall, with only small increases in horizontal drilling. Value has not updated the data in a few weeks, so the numbers are my estimates of the count.