Privately owned operators leading increase in US oil production… Bloomberg

October 11, 2021 by Jim Colburn Leave a Comment

David Wethe, Kevin Crowley and Sergio Chapa, Bloomberg, have a nice piece on where the increase in US oil production is coming from, here…

”Oil prices above $80 a barrel are once again spurring a revival of shale drilling in America’s biggest oil field, where production is expected to return to pre-pandemic highs within weeks.

Only this time, the surge is being driven by private operators, rather than the publicly traded companies that fueled the previous booms. And they see little reason to slow things down.”

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