U.S. shale producers could take more time to bring higher volumes of crude oil to the market than previously expected as most public companies continue to keep capital discipline and go through their backlog of drilled but uncompleted wells (DUCs). The drilling of new wells needs more capital expenditure and hiring rig crews and services providers that are currently in short supply amid bottlenecks in the shale patch.
As a result, U.S. tight oil production is not rising as fast as in previous upcycles, and surely not…It's Getting Increasingly Expensive To Boost U.S. Oil Production
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