Shale players cut budgets but some volume impact muted

Permian basin expected to see deepest production cut for 2020

Shale production: in 2020 is expected to drop by 623,000 barrels of oil per day — Shale production: in 2020 is expected to drop by 623,000 barrels of oil per dayPhoto: REUTERS/SCANPIX

Julia Martinez

Houston

Shale production Rystad Energy Permian Bakken

Published 19 May 2020, 22:11Updated 19 May 2020, 22:14