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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

Published Mon, Mar 21, 2016 · 09:50 PM
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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.

When oil prices started their lon…

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