Oil prices above breakeven for three quarters of the year positive for drillers
Source: Federal Reserve Bank of Dallas

On the whole, 2018 produced good news for U.S. oil and gas companies, at least through the first three quarters of the year. Prices were above breakeven level for the first nine months of 2018, allowing producers to kick drilling plans and capital usage into high gear, boosting production to record levels during the year.

A global oil glut that had wreaked havoc on the industry in 2015 and 2016 was declared 'neutralized'...

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