U.S. Shale Ramps Up Drilling But Maintains Spending Restraint ...Middle East

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U.S. Shale Ramps Up Drilling But Maintains Spending Restraint
source : OILPRICE ( Middle East ) () 15
U.S. oil production has ticked up in recent weeks as shale producers drill more wells after going through a massive backlog of drilled but uncompleted wells (DUC).   After DUC inventory has largely returned to normal levels, the shale patch is now drilling more wells to offset legacy declines, Argus estimates show. Most exploration and production companies, however, are keeping a tight rein on capital expenditure, determined to show investors and Wall Street that they continue to be disciplined and are prioritizing shareholder returns…

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