U.S. shale boom keeps rolling even as wildcatters save cash

HOUSTON (Bloomberg) — America’s surging shale oil production shows little sign of abating, despite industrywide spending cuts, as explorers learn to do more with less. 

Almost all the independent producers have reduced their budgets for 2019, but many still expect to deliver double-digit growth in production this year, fourth-quarter earnings reports show. Growth is slowing but still strong: the U.S. will add about 1.45 MMbopd on average this year, down from 1.6 million in 2018, according to the Energy Information Administration.


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