- Tight Gas & Oil
- Gas Hydrates
Assuming Bakken rig count stays flat, production could roll over as early as July, with a 5% production decline from current volumes by the end of 2016.
Niobrara’s horizontal development has a strong inventory and could still exceed 500,000 bbl/d and 1,200 MMcf/d, with four counties in particular proving themselves core.
Price might need to deteriorate further for U.S. production to resume as some companies are building a war chest of wells ready to pump when WTI rebounds.