TSXV:QST - Post Discussion
Post by
Charley33 on Sep 27, 2021 2:44pm
U.S. Shale Is Finally Ready To Drill
Interesting, it could potentially translates into new business for QST, but that remains to be seen.
U.S. crude oil production is set to rise by 800,000 bpd next year, the Financial Times reported this week. This is hardly surprising given that U.S. oil prices are around $70 per barrel now, making most shale wells profitable again, the report notes. But there is one interesting thing that is different this time. According to an IHS Markit analyst, it would be private independent drillers that will lead the charge this time. https://oilprice.com/Energy/Energy-General/US-Shale-Is-Finally-Ready-To-Drill.html
Be the first to comment on this post