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Shale Oil Is Booming Again in the Permian

With publicly traded producers such as Occidental and Chevron preaching discipline, privately owned operators are leading the surge in production.

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Oil Could Hit $90 a Barrel, Yergin Says
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Oil prices above $80 a barrel are once again spurring a revival of shale drilling in America’s biggest oil field, where production is expected to return to pre-pandemic highs within weeks.

Only this time, the surge is being driven by private operators, rather than the publicly traded companies that fueled the previous booms. And they see little reason to slow things down.