The US Shale Patch Is Back In Growth Mode | investing.com – Investing.com

The US Shale Patch Is Back In Growth Mode | investing.com – Investing.com

U.S. shale production is back to growth mode as producers continue to add rigs onshore. Output will continue to climb over the next year as some large oil firms plan to raise spending in the Permian, which has been—and will continue to be—the key driver of America’s tight oil production growth.

Still, the rise in shale output will be slower than in the boom years of 2018 and 2019, as most operators continue to stick to capital discipline, while surging costs and labor shortages are major headwinds to significant production growth.