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Oil and gas drillers finally see relief from rising costs

Thursday, April 13, 2023 by

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U.S. oil and gas drillers are finally seeing some relief from the rising costs that have held back profits and production in recent years, according to MRT.

North American oil and gas producers have prioritized shareholder returns over output growth in recent years due to the increased costs and fracking equipment shortages. However, the turnaround for costs could allow drillers to consider output increases when other suppliers around the world are holding back.

Industry experts also expect a relatively stable year with flat to slightly inclined prices.

Learn more: MRT > Oil drillers see costs peaking in fields

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Farm and Dairy, a weekly newspaper located in Salem, Ohio, has been reporting on topics that interest farmers and landowners since 1914. Through the Shale Gas Reporter, we are dedicated to giving our readers unbiased and reliable information on shale gas development.

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