US Shale Production To Soar By 3.5 Million Barrels/Day Over Next Five Years: BofA Explains Why
February 21, 2017 at 04:15 AM EST
Shale oil output in the US may grow sequentially by 600 thousand b/d from 4Q16 to 4Q17 on increased activity in oil rigs and fast productivity gains. Importantly, breakeven costs for key major US plays now stand around the $55/bbl mark.
