Still underwater on this one, a more detailed article on the bakken depletion theory attached.
https://www.forbes.com/sites/arthur...e-end-for-the-bakken-shale-play/#611e5a471487
The rig counts have increased as the tight oil drillers race to lose as much money as rapidly as they can, while they are giving a sugar rush and depress the oil price short term they are going to make the eventual shortage worse.
It's a game of attrition my patience is longer, this will eventually recover the only question is when.
$50-60 New Normal or U.S Shale Bubble?, page-579
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