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Shale-Oil ‘Fracklog’ Shows US Oil Production May Be Slowing

April 16, 2024

Shale-Oil ‘Fracklog’ Shows US Oil Production May Be Slowing

Apr 15, 2024

Shale explorers are drilling wells faster than they’re fracking them, a signal that US oil-production growth is slowing.

Oil companies added to the number of drilled-but-uncompleted wells, known as the fracklog, last month for the first time in more than a year, according to a report from the US Energy Information Administration on Monday. The tally is a key indicator of near-term crude flows from US shale fields because fracking is one of the final steps in the process of bringing new wells online.

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