Oil and gas producers are ramping up production in some high-cost shale basins, buying new properties and adding new rigs and frack crews, reports Reuters. With benchmark U.S. prices at their highest since 2014 and relatively low service costs, producers are feeling motivated. 

“Drilling economics today are better than they’ve ever been since the shale revolution started,” said Chris Wright, chief executive officer of Liberty Oilfield Services.

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