U.S. Shale Operators Defy $60 Oil to Sustain Production Growth

U.S. shale operators defy $60 oil to sustain production growth

(World Oil) – U.S. shale companies are forging ahead with their production plans, adapting to $60 oil prices while grinding out small increases and setting up the industry to add to next year’s record supply glut. Diamondback Energy Inc., Coterra Energy Inc. and Ovintiv Inc. this week announced plans to raise output slightly for this year or 2026 despite oil prices falling close to the threshold needed for many U.S. shale wells to break even. Las

OPEC+ Helps US Shale Oil Stay Open. How Close Are We to Breaking Even? - Economic Scenarios

OPEC+ just agreed to another modest increase in oil production for next month. But perhaps the most significant news, which went almost unnoticed, is that