Friday, July 31, 2026
- oilangas360

Shale Oil Recovery Seen Taking Years After Decade of Excess

Bloomberg As oil prices tick up to $40 a barrel following a pandemic-induced plunge, there’s a sense the shale industry is snapping back to life with Continental Resources Inc., EOG Resources Inc. and Parsley Energy Inc. all saying they’re restarting closed wells. But top industry forecasters are painting a far darker picture. The reopenings, they say, will do little to bring new growth to an