Skip to main content
Industry News
US shale drillers switch focus to maintaining output

As the oil market remains in a state of turmoil, Diamondback Energy, Concho Resources and other shale producers are directing their reduced capital budgets to preserving oil production and keeping output declines to a minimum. Continental Resources founder and Chairman Harold Hamm warned that production will not return to a strong growth trajectory unless oil prices climb to $50-$60 per barrel.

Full Story: