U.S. shale producers to tap brakes in 2020 after years of rapid growth

Vastly slower U.S. oil growth this year and the prospect of a plateau for the world’s top oil producer have signaled a new and unfamiliar era of self-restraint for the go-go shale industry.
Spending cuts and production declines common to shale wells mean U.S. output growth is expected to brake from 2019’s pace that pushed domestic production past 13 million barrels per day (bpd). Some analyst forecasts for next year call for growth to slow, potentially to a rate of just 100,000 new bpd.
Over the latest decade, the shale revolution turned the United States into the world’s largest crude producer and a force in energy exports. Yet the revolution did not translate to higher stock prices. The S&P 500 Energy sector only gained 6% for the decade, far less than the 180% return for the broader stock market.
Read more here: https://www.reuters.com/article/us-usa-shale-outlook/u-s-shale-producers-to-tap-brakes-in-2020-after-years-of-rapid-growth-idUSKBN1Z108U