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A death sentence for U.S. strippers?

Michael McDonald | OilPrice.com

Strippers appear to be doing everything they can to hold on to their wells which produce a combined total of about 10 percent of U.S. output across the country.

There were a lot of predictions last year that 2016 would lead to the disappearance of many strippers – the oil well producers who take nearly depleted “stripper” wells and keep them running and producing a few barrels a day. This year is proving that strippers are much tougher than many analysts gave them credit for. While many strippers have taken action to cut back some of their less profitable wells, by and large, stripper production is much more resilient than many had expected.

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