The Permian Basin - End of the Fracking Line.

It has been long foretold that the steeper declines would be putting an end to the never-ending growth of Permian production and other shale resources in North America. However, in my experience, no one has really ever been able to give a solid or firm date (or even quarter) when that was going to happen. I also think a lack of understanding of accounting didn’t help the more bearish shale doomers.

The result is that a lot of people who have bet against the Permian have so far been wrong, but economic reality has become something that can no longer be ignored - Permian production declines are likely going to be pretty material - and sooner than you think.

The Proven Reserves Permian Panoptic and Perspicuous Presentation Desk brings you what bears got wrong, and what the bulls will get wrong.