America’s great shale oil boom Is nearly over

        October 13, 2019 Bloomberg | United States | fossil fuels: shale oil

Reduced growth in 2020 and a 20% drop in drilling rigs since last year marks the end of the 2nd shale boom (2016-2019), following the original shale gale (2010-2014). Output in the Permian, the most prolific U.S. shale basin, has dropped 11% in just 9 months, although a 3rd boom is expected as oil majors focus on better extraction and not rapid output growth.