Slow to Freeze
This week, we have focused on new drilling data, highlighting a large group of operators that are still spudding wells despite large shut-ins and frac holidays. In total, we count almost 500 new U.S. wells that were spud in April with >100 wells spud last week. Despite big rig drops already, the current pace of new drilling suggests cuts could get even worse from here.
For access to the full report visit: https://corasresearch.com/reports/