The US oil and gas sector was torn apart during last year’s COVID-19 fueled market mayhem, but it appears that America’s shale patch is back on track, looking as healthy as ever. The US oil and gas sector is recovering from last year’s market slump. But unlike the previous boom-and-bust cycles, the industry has held off on boosting production and has focused on strengthening balance sheets, repaying loans, and rewarding shareholders. As a result of the rallying commodity prices this year, and most of all, the discipline in capital spending, the US shale patch is now financially stronger. Bankruptcies have been fewer and far apart in re
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