Grade-Grubbing Oil Producers Are Threatening to Boost U.S. Output Yet Again
Rig counts are rising in productive locations, says Morgan Stanley.
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Shale producers are tapping their crown jewel assets in response to the latest oil price rally, according to Morgan Stanley.
The recovery in crude to close to $50 per barrel has encouraged shale producers to double down on their most profitable fields — a process known in oil country as high grading.