Permian shale output expected to set a record in December
Thats the one thing conventional oil producers are at pains to deal with. They are used to yearlong, sometimes decade-long development times for their upstream sources. Reacting to market developments was always covered with oil in storage. Shale is different as development times are short and a few months of high prices are enough to put the upstream on steroids. Just keep one thing in mind – that’s not shale 2.0 you were used to dealing with – the last slump spawned shale 3.0.
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