Are oil prices down because of futures or an over production in the U.S. Or OPEC ? Will drilling in southeast TX slow down? Have 2 more years in a 3 year lease with Sabine ( haven’t drilled yet) just wondering what others think on this subject.
Lots of reasons. My favorite research is on oilprice.com and wsj.com -- I've read SE Texas (Eagleford) would need to see as low as $53 oil to shut it down. I don't personally worry about shorter term fluctuations when the long-term trend is up because I'm in the oil market for a lifetime.