Early signs of a shale rebound are becoming evident as crude prices recover. (Bloomberg) — Early signs of a shale rebound are becoming evident as crude prices emerge from their dramatic collapse earlier this year. EOG Resources Inc., America’s largest shale-focused producer, plans to “accelerate” output in the second half after shutting in about a quarter of its crude in May, exploration chief Ken Boedeker told an RBC Capital Markets conference Tuesday. Permian producer Parsley Energy Inc. is also turning wells back on just weeks after closing the taps, and producers in the Bakken formation in North Dakota are also easing the rate of shut-ins. After the breakup in the OPEC+ alliance in March and a plunge in demand because of virus-related lockdowns, which pushed the price of West Texas Intermediate to minus $40 a barrel on April 20, oil has been on a steady march upward during the […]