1. Soaring Production Costs Stoke Fears of US Shale Slowdown- Just as US shale producers were poised to capitalize on high crude prices and bring new production to the markets, Texas drillers have been confronted with soaring production costs. - According to Continental and Coterra, drilling and production costs in average shale plays were up by some 20%.
It isn't only that rigs and workers are in short supply, the doubling of fracking sand and diesel prices have also added to the inflationary pressure. - The lead time between order and delivery…Soaring Costs Set To Hurt U.S. Shale Production
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