Private Shale Drillers Set to Cut Spending After Boom in 2023

By David Wethe Closely held explorers, once the engine to the Permian’s shale growth coming out of the pandemic, are now expected to lead US oil explorers into spending contraction next year. Private oil and natural gas explorers are projected to cut their budgets by 4% to an average of $34.4 billion in 2024, according to the 39th … Read more

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