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What to Expect from the US Oil Patch This Year

The more restrained shale drillers are this year, “the more they can potentially grow production at higher prices next year and beyond,” Tran said.

As crude prices climb, the odds of another shale boom rise, JPMorgan Chase & Co. analysts including Natasha Kaneva wrote in a March 11 note to clients. Even with flat capital spending, efforts are under way to maintain or grow production at low cost, according to the bank.

“At current prices, most U.S. onshore operators are economic, leaving a vast group of operators, from large public companies to private players, in good position to ramp up activity” in the second half of this year and build solid momentum for higher output in 2022
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