CHART OF THE WEEK: Permian Shale Oil Decline Rate 23% In Only Three Months

The U.S. Shale Oil Industry is in serious trouble, even without the negative impacts of the global contagion.  While it’s no secret that shale oil wells suffer high decline rates, what is taking place in the country’s largest oil field is quite alarming.  The rate at which shale oil production is declining in the Permian…