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U.S. shale producers unlikely to boost drilling despite Trump’s call

Oil & Gas 360º

million barrels a day, more than Saudi Arabia and Iran combined, and companies in its shale basins have a unique ability to ramp up output quickly — within about 6 to 9 months — with the right oil-price incentive. West Texas Intermediate declined 4% at 12:47 p.m. in New York to $71.92 a barrel, after an earlier rally faded. produces about 13.4

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US oil producers face new challenges as top oilfield flags

Oil & Gas 360º

The Permian basin was the centerpiece of the shale revolution that began nearly two decades ago and spurred the U.S. Weve never been in a position before where we were on the back-half of the inventory story of a burning basin, Novi Labs head of research Brandon Myers said. (BOE Report) – U.S. TAPPED OUT?

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