U.S. Shale Production Is Set For A Rapid Decline ...Middle East

OILPRICE - Economy

I have argued in several Oilprice articles, and most recently in February 2023, that the era of increasing output from shale wells did not have much more room to run absent a price signal that caused a huge increase in drilling. A price signal similar to the one the market received with the onset of the Ukraine invasion, that added 153 rigs in U.S. shale plays from January to June of 2022. Instead, as the market adapted to the loss of Russian oil and gas, and worries about the strength of the economy cast doubt on demand, prices began to soften…

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Last updated : 21 May 2023 clock 02:12 AM

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U.S. Shale Production Is Set For A Rapid Decline ...Middle East

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