Here is an update showing the latest reported well completions in North Dakota. As you can see it has a 2 month lag, with the latest reports showing only 26 completions in ND during November while WTI was in the mid $40s with a peak over $48. How many completions do you think were done in December and January? Some that I have spoken to with working connections to ND oil fields have said fracking is now nearly completely shutdown.
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