US shale's discipline puts profitability within reach


Last year's pandemic-induced oil downturn has made US shale producers more prudent and forced a shift from capital-intensive growth to capital preservation and discipline, putting the industry on track to generate a record of more than $30 billion in free cash flow this year, according to Bloomberg Intelligence. Drillers will likely continue to prioritize investor returns even as spending by the sector is expected to rise from $58 billion in 2021 to $80 billion in 2022, as per IHS Markit estimates.

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