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1 Oil & Gas CEO Has a Harsh Warning for the Rest of the Industry – $SLB $Oil $UNG $SPY $XLE $UWT

By Tyler Crowe

. . . What we don’t see in those numbers is depletion rates. These are the rates at which a producer depletes any given reservoir. Many companies have looked to maintain production and juice returns by getting more out of existing sources. In doing so, they have shortened the window those reservoirs will produce, and future production will decline at a much faster rate.

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