U.S. shale production is still growing but at a much slower pace than before. A combination of cost inflation and mixed messages from the Biden Administration have left some observers worried about the prospect of peak production.
While U.S. shale production is still growing, it is expected to grow at a slower pace due to cost inflation and mixed messages from the Biden administration.
Some executives believe peak Permian oil production is five or six years away as drillers exhaust the prime acreage. The new priorities of the shale patch – capital discipline and a focus on returns to shareholders and debt repayments – have coupled with supply chain constraints and cost inflation to drag down U.S. oil production growth in recent months.
Belgique Dernières Nouvelles, Belgique Actualités
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