Peak Shale May Be Here Says Diamondback CEO ...Middle East

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Peak Shale May Be Here Says Diamondback CEO
source : OILPRICE ( Middle East ) () 79
The OPEC price war has made landfall in the US. Following our report earlier that Saudi Arabia has declared a new price war on OPEC+ quota-busters such as Kazakhstan, and non OPEC+ members such as US shale producers, today after the close Diamondback Energy, the largest independent oil producer in the Permian Basin, made a historic pronouncement today when it said that production has likely peaked in America’s prolific shale fields (something we also mentioned earlier in the day) and will decline in the…

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