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ENERGY NEWS
US
ENERGY REVIEW
By Tsvetana Paraskova
US oil and gas production is rising as prices rally and private shale firms boost capital spending and output. The biggest shale play, the Permian, is seeing record-high crude oil production, while overall US crude output is set to average an all-time high in 2023, the US Energy Information Administration (EIA) says. However, cost inflation, labour shortages, and the pledge from many large public independent producers not to boost oil production by more than 5 percent annually could spoil the more optimistic estimates of US output growth this year and next.
www.ogv.energy I March 2022
