Permian Output Nears Levels Not Seen Since Pandemic Start

WTI is at USD 60.-. People tend to forget that long before COVID shale went through rough patches and we were told many times that shale could keep drilling below USD 40.-. If this was true they must be knitting money right now. No wonder they crank up the engines and get scratching dirt again. I would if I were them. Remember how fast shale reacts to moderately higher prices and how log everyone else takes to get going. Shale has its Mojo back.

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