The Independents May Intend To Temper Tight Oil Growth Next Year, But The Majors Sure Don’t…

On Tuesday, we warned that by taking their foot of the capex gas pedal at this point in the cycle, the Independents risk ceding share in shale development to the Majors.

On Wednesday, Chevron’s 2018 budget release confirmed that this indeed will happen if actions follow words.

There’s a lot more to this story…

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feature photo credit: Mike Rasco