U.S. Shale Production Could Surprise to the Upside

Record Permian production and increased efficiency across the shale patch have prompted many U.S. oil producers to raise their output guidace, which could boost American production above the expectations of limited gains for this year.  Last week, the supermajors reported record oil and natural gas output from the top shale basin, the Permian. They also spoke of their plans to raise that output even further. Meanwhile, independents are boosting their own guidance after seeing higher volumes and lower cycle times to bring wells online.  …