$90 Oil Offers The Best-Ever Economics For U.S. Shale

The Permian has led U.S. shale production growth in recent months and will continue to do so in the coming months, but the oil price rally so far in 2022 has also driven increased drilling activity in other shale basins with higher breakeven prices.   $90 oil is incentivizing more drilling activity in the Bakken in North Dakota, the Eagle Ford in Texas, Colorado’s DJ Basin, and in Wyoming, as the drilling economics at these high oil prices—the highest since 2014—are too attractive to pass up.   In fact, the…