Ironically, all the recent talk of restraint by tight oil operators is a contributing factor to the recent crude oil price rally. In turn, rising oil prices will put to the test this newfound US operator resolve to reign in the willy nilly spending of prior upcycles.
With WTI an eyelash away from $65/bbl this week, we discuss the dilemma facing certain operators who have been particularly emphatic about their capital discipline resolution for 2018.
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