Skip to main content
Industry News
Shale profitability may get boost from Saudi cuts

Saudi Arabia's recent decision to extend its oil production cuts through March could help US shale producers improve their bottom lines, as long as they stick to their commitments to rein in production growth, and prioritize investor returns and debt repayment. Shale operators may see cash flow from operations jump by 32% this year thanks to reduced oilfield service costs and higher oil prices, according to Rystad Energy.

Full Story: