Chevron Earmarks $2B for Permian in 2021
The show goes on. At the oil price levels, we see today, shale is not very comfortable ut it’s by no means deadly. It keeps them on the toes and requires them to make every dollar count. No time for fun stuff and the lemon must be squeezed. And if I am OPEC, I take note as this is the most dangerous shale can ever be for them. This is a constant workout regimen keeping shale sharp and culling the stragglers. Money comes back and shale will be bigger than ever.
