Scott Sheffield Responds to Whitehouse
As in 2022, flat shale production 2023 will continue. Capital discipline, esculating drilling costs, windfall tax threat, investors demanding payback rather than production growth,and energy transition are factors holding down shale production growth into 2023.
"...FT points out in its story on the interview with Sheffield, energy stocks have become the best performers on the stock market this year," Irna Slav, Oil Price, 21 December 2022. "It is unlikely that any energy company would risk this performance just to respond to the calls of an administration that has from the start been against the whole oil industry."