The last two energy crises that threatened hundreds of energy companies with bankruptcy have rewritten the O&G playbook. At the height of the shale boom, the U.S. Shale Patch expanded production aggressively and also made numerous aggressive tactical or cyclical acquisitions. However, the 2020 oil price crash that sent oil prices into negative territory has seen energy companies adopt a more restrained, strategic, and environment-focused approach in their spending.
U.S. shale drillers have abandoned their trigger-happy drilling…The New Playbook For U.S. Shale: More For Shareholders, Less Output Growth
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