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Expect a new shale boom this spring

from OilPrice.com

U.S. shale has now rebounded to a solid financial equilibrium that it makes sense for companies to begin investing in drilling again. The International Energy Agency expects U.S. shale drillers to add over 500,000 bpd throughout 2017. Current announcements show the oil price floor, installed by OPEC’s production cuts, have allowed companies such as Hess Corporation and Noble Energy Incorporated to ramp up their budgetary spending by 60 percent. more


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