North American shale drillers have plans to spend $84 billion on exploration and production in 2017, an increase of 32%, whereas spending on international projects will rise just 3% this year, according to Barclays analysts. Independent US shale producers are expected to contribute $53 billion of that amount in 2017, up from $35 billion last year.
US shale producers boost budgets much faster than rest of global oil industry
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