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Some US shale producers starting to re-activate wells
Reversal in strategy reinforces concerns about growing global glut, threatens to dampen rebound in prices
Add BT as a preferred sourcePublished Mon, Mar 21, 2016 · 09:50 PM
New York
A DREADED scenario for US oil bulls might just be becoming a reality.
Some US shale oil producers, including Oasis Petroleum and Pioneer Natural Resources Co, are activating drilled but uncompleted wells (DUCs) in a reversal in strategy that threatens to bring more crude to a saturated market and dampen any sustained rebound in prices.
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