OGV Energy's US Energy Review March 2022
OGV Energy's US Energy Review March 2022
US oil and gas production is rising as prices rally and private shale firms boost capital spending and output. The biggest shale play, the Permian, is seeing record-high crude oil production, while overall US crude output is set to average an all-time high in 2023, the US Energy Information Administration (EIA) says.
However, cost inflation, labour shortages, and the pledge from many large public independent producers not to boost oil...