FANG - End of the boom in sight for U.S. shale drillers - WSJ analysis

Companies in the oil fields of Texas, New Mexico and North Dakota have tapped many of their best wells, resulting in limited inventory that suggests the era in which U.S. shale companies could flood the world with oil is receding, according to a Wall Street Journal analysis. If the largest U.S. frackers kept their production roughly flat, as they have in recent years, many could continue drilling profitable wells for 10-20 years, but if they raised output 30%/year - the pre-COVID growth rate in the Permian Basin - they would run out of prime drilling locations in just a few years, WSJ reports. Five of the largest shale drillers - EOG Resources (NYSE:EOG), Devon Energy (NYSE:DVN), Diamondback Energy (NASDAQ:FANG), Continental Resources (NYSE:CLR) and Marathon Oil (NYSE:MRO) - all have about a decade or more of profitable well sites at their current drilling pace, but would exhaust that inventory within about

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End of the boom in sight for U.S. shale drillers - WSJ analysis