Is Shale Exploration About To Surge? ...Middle East

OILPRICE - Economy
Is Shale Exploration About To Surge?
source : OILPRICE ( Middle East ) () 9
The United States shale industry’s era of “newfound prudence” could be coming to an end. After a devastating 2020 for U.S. oil, the mood in the shale sector has been historically reserved, with drillers focused on balancing their books and getting into the black before overextending with new exploration. This is out of the ordinary for the sector, as the boom and bust cycle of oil markets has long been an accepted and unavoidable part of the oil industry. “The oil industry is predictably cyclical: When oil prices climb,…

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