The document discusses the shift in US oil supply data, noting a potential end to pessimistic growth forecasts. It highlights the recovery in drilling activity and rig productivity, driven by new hydraulic fracturing capacity. The document also estimates the US onshore tight oil industry's response to varying WTI prices in 2018, assuming cash neutrality at 750 rigs with a WTI price of USD 50/bbl. It provides sensitivity analyses for supply growth in major tight oil regions, acknowledging potential inaccuracies in rig count growth profiles.
doj/DataSet10/EFTA01385324.pdf
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