The new shareholder-focused approach of shale companies, supply chain restrictions, and inflation have all combined to change how the sector functions. The US shale boom is officially over.
The era of the United States' shale oil industry's rapid expansion is finished. Although American oil production is increasing, it is doing so at a considerably slower rate than it was prior to the 2020 crash and at a lower rate than was anticipated a few months ago.
The newfound priorities of the shale patch, such as capital restraint and a focus on shareholder returns and debt repayments, have combined with supply chain issues and cost inflation to slow the expansion of U.S. oil production.
The Biden Administration's confusing messages to the American oil and gas business, including repeated accusations that the industry is to blame for high gas prices and, most recently, the prospect of higher taxes, are also failing to inspire American producers. When there is no medium- to long-te...
Full Access
Included:
-
Access to All Articles.
-
One Plan. No Tiers.
-
No Ads.
-
Cancel anytime.
