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Death of shale exaggerated : US oil patch springs to life Josh Siegel © Provided by Washington Examiner U.S. shale oil production is ramping back up, with crude prices returning to pre-pandemic levels following recovery of demand, making drilling profitable again for the majority of companies. Popular Searches The increased activity that surged in March follows a temporary slowdown in February due to freezing weather and comes after drillers shut in a record amount of production in 2020 because travel shutdowns during the pandemic sapped consumption of oil-based fuels. The strong rebound shows that some oil producers are refusing to resist the temptation to drill from higher prices, despite the pandemic worsening financial problems that companies faced from taking on debt to pay for growth during the shale fracking boom of the 2010s, without providing sufficient returns.

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