Has Permian Productivity Peaked?
Green Car Congress
JUNE 3, 2017
by Nick Cunningham of Oilprice.com. The U.S. shale industry might have just received a huge windfall with the nine-month extension of the OPEC cuts. Shale output was already expected to come roaring back this year, but the extension of the cuts provides even more room in the market for shale drillers to step into. The sky is the limit, it seems. However, there are growing signs that the U.S. shale industry could be reaching the end of the low-hanging fruit.
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