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Big Shale to focus on spending discipline, not on lifting output

An oil and gas processing plant fed by local shale wells in Dimmit County, Texas. Shale drillers now want to grow while generating free cash flow to return to investors via dividends or share buy-backs.


DON'T expect Big Shale to rush and fill the hole left by Opec in the oil market.

Executives from three of the biggest independent US drillers say they won't increase activity just because prices rise after the Organization of Petroleum Exporting Countries and its allies...

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