Texas upstream oil and gas economy experiences year of recovery in 2021
If you think that 2021 was good for shale then you will be stunned by 2022. Oil prices are already high enough to make most shale patches in the US worthwhile and oil at or beyond USD 100.- will put steroids into the process. People forget all too fast and pile in and this shale re-emergence will be like no other. Better technology, better processes, and the pruning in 2020 took out some of the dead flesh. Every growing industry will always be accompanied by lots of bad developments and bad actors but shales rise can’t be blocked anymore.