US shale executives at a Houston energy conference on Thursday said that producers will likely continue with oil production curbs until infrastructure constraints are relieved and investor pressure to slash capital spending eases. Several companies, including Goodrich Petroleum, Parsley Energy and Pioneer Natural Resources, have scaled back their drilling programs, which in turn helped lift Permian Basin crude prices to their strongest level in over a year, trading at $1.10 over US crude futures on Thursday.
US shale drillers seen keeping oil production in check
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