Yadda..yadda..I've got leases in Grady County smack dab in the middle of the SCOOP/ Springer Fairway. I've also got relatives in Odessa so I get regular reports from the Permian. Oil and gas continues to be in free fall. Once mighty Chesapeake just closed at $0.22 CENTS today..down another -18.52% on a day when the stock markets rocketed up. Why? Because the world is awash in cheap oil and there's more gas than can be handled so they flare it off. Anadarko is one of the few that haven't imploded. Continental is near 52 week and 4 year lows. Same for Devon, In fact they're below the Feb 2016 low. Same goes for the S&P 500 Energy Sector SPDR (XLE). "STRONG SELLS" all around. Oh, in case you missed it, the headline 11 hours ago-- "Russia's Oil Production Rises Ahead Of OPEC+ Meeting."
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