OPEC and US oil companies expect shale production to recover only modestly this year despite higher oil prices, which could swing global energy markets in favor of OPEC and its allies. "In this new era, (shale) requires a different mindset," said Chesapeake Energy CEO Doug Lawler, adding, "It requires more discipline and responsibility with respect to generating cash for our stakeholders and shareholders."
Moderate growth in US shale production expected in 2021
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