The U.S. shale patch is unlikely to follow President-elect Donald Trump’s campaign highlight “drill, baby, drill” as the industry is far more consolidated and disciplined than when Trump was first president at the end of the 2010s. While welcoming a second Trump term, American oil and gas producers are expected to stick to their disciplined approach to capital expenditure and drilling operations.
Consolidation Keeps Drilling in Check After the Permian saw several large mergers and acquisitions (M&A) waves during President…Shale Firms Stick to Discipline Despite Trump’s Drilling Plans
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