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US shale oil producers expected to spend more in West Texas in 2017

With Jeff Mower, director, Americas oil news

January 10, 2017 06:27:08 EST (3:36)

NYMEX crude futures are in the low $50s/b, smack in the middle of the 'Goldilocks zone' for US shale oil producers, particularly in the West Texas Permian Basin. Jeff Mower explains why US oil producers are getting a bit more optimistic about production prospects over the next few years, bolstered by lowered breakevens and higher returns.

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