Texas Shale Is Big Winner as OPEC Deal Brightens Oil Outlook

Updated on
  • U.S. oil companies add more than $80 billion in value
  • Permian could add 150 rigs to fleet next year: analyst

Shale Oil Gets a Helping Hand From OPEC Agreement

The U.S. shale industry, gutted by 2 1/2 years of bankruptcies, writedowns, credit downgrades and layoffs, is poised to step back from the brink, thanks to an old enemy: OPEC.

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