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U.S. Oil Drillers Restart Production As Prices Recover

March 23, 2021 by

A couple of high-profile shale companies voiced optimism at the start of June. EOG Resources said it plans to “accelerate” production in the second half of 2020, finding prevailing oil prices sufficient to step up drilling activity. The company also reduced its hedging exposure, a sign that the company is bullish about the trajectory of prices.

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