Picasso2 -
The infrastructure losses of the Texas shale industry are currently underestimated. I think that most of the pipelines will require significant time-consuming repairs. In addition, an idle shale well will negatively affect the subsequent commissioning, a sharp loss of flow rate. As a result, the recovery of production to the level of 11M+ will take months. I expect to see a target of $80 (brent) in March-April 2021.
The infrastructure losses of the Texas shale industry are currently underestimated. I think that most of the pipelines will require significant time-consuming repairs. In addition, an idle shale well will negatively affect the subsequent commissioning, a sharp loss of flow rate. As a result, the recovery of production to the level of 11M+ will take months. I expect to see a target of $80 (brent) in March-April 2021.