Shale Firms Shrug Off Trump Push to Drill as Price Rally Ebbs

Shale Firms Shrug Off Trump Push to Drill as Price Rally Ebbs

In the shale oil fields of Texas, North Dakota and New Mexico, executives are unlikely to change their capital budgets based on abrupt price moves from U.S. military strikes on Iran.

US shale producers unlikely to heed Trump’s call to drill as rally fades

US shale oil producers are unlikely to heed President Donald Trump’s latest call to “Drill, Baby, Drill” as they prioritize hedging over ramping up production in response to US military strikes on Iran.

US Shale Producers Unlikely to Heed Trump's Call to Drill as Rally Fades

(Bloomberg) — US shale oil producers are unlikely to heed President Donald Trump’s latest call to “Drill, Baby, Drill” as they prioritize hedging over ramping up production in response to US military strikes on Iran.

US Shale Producers Unlikely to Heed Trump’s Call to “Drill, Baby, Drill” as Rally Fades - Energy News, Top Headlines, Commentaries, Features & Events

US shale oil producers are unlikely to increase production in response to President Donald Trump’s call to “Drill, Baby, Drill” and will instead prioritize hedging contracts to lock in revenue. Companies are wary of being caught off guard by another false start in global crude markets and will not spend heavily on new drilling without ...