The U.S. oil industry continues to show capital discipline—a concept that was rather unpopular in the shale patch prior to the 2020 oil crash and crisis. Since last year’s market collapse and the bankruptcies it claimed, U.S. exploration and production companies have changed their priorities quite dramatically.
No one is drilling for the sake of production growth as demand is still recovering from the 2020 decline. But everyone wants to attract shareholders and reward existing stockholders with more dividends and healthier balance…U.S. Shale Scrambles To Reinvent Itself
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