Analysis from Rystad Energy reveals a boost in production and a decrease in capital spending for U.S. shale companies in 2019. For U.S. shale companies, 2019 will see a boost in production and a decrease in capital spending, according to analysis by Rystad Energy. After analyzing fourth quarter 2018 earnings reports from 45 U.S. shale operators, Rystad found that, on average, companies planned on 15 percent growth in oil production while cutting capital spending by five percent. However, oil supermajors ExxonMobil and Chevron plan on spending more this year on the heels of strong 4Q 2018 earnings propelled by Permian production. “Earnings and guidance confirm that most U.S. shale operators aim to moderate drilling and completion activity this year, prioritizing cost discipline over aggressive growth,” Rystad Energy partner Artem Abramov said in a statement emailed to Rigzone. Abramov added that an average of five percent growth is based upon […]