U.S. shale companies are set to grow their 2019 oil production by 16%, thanks to impressive execution. While there’s been much discussion this year around whether the U.S. shale boom is dying down , operators have exhibited impressive execution so far, according to Norway-based energy research firm Rystad Energy. The third quarter earnings season revealed that shale companies increased their oil production by about two percent, all while cutting the midpoint guidance for yearly drilling and completions expenses, Rystad said. And Rystad believes U.S. shale operators will continue expanding in the fourth quarter, growing oil production by at least 1.3 percent on a quarterly basis. “The actual results so far this year reaffirm our optimistic expectations for the remainder of the year,” Veronika Akulinitseva, vice president on Rystad’s shale team, said in an email to Rigzone. “U.S. shale companies are well-positioned to see an oil increase of about nine […]