business / news / / Spokane Spokesman-Review
shale drillers are expected to follow President Donald Trump’s call for higher oil production.
U.S. shale drillers are incentivized to boost output due to a 72% surge in oil prices.
KEY POINTS
- Production increases will first come from drilled-but-uncompleted wells, not new drilling projects.
- The response will be slower than in 2022 because many small producers have been acquired by large corporations.
- Exxon and Chevron are seen as most likely among major drillers to increase shale output.
COMPANIES
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