Decades ago, the Organization of the Petroleum Exporting Countries (OPEC) was THE lifeline to the United States’ thirst for oil. Now, record production, horizontal drilling, advanced seismic and completion technologies, and increased spending rates have the U.S. primed to become the world’s top oil producer.

Out of 62 companies for which we have gathered data on capital expenditures and estimates, 28 have announced capital budgets for 2014. These companies are expected to spend a combined $39.5 billion in 2014, or 15% more than they are estima...


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