Shale Pioneer Hamm: Output Growth Could Fall By 50%

By Nick Cunningham – Jan 24, 2019, 6:01 PM CSTJoin Our Community

U.S. shale production growth could slow by as much as half this year, according to one industry titan.

Continental Resources’ Harold Hamm said that shale growth could decline by as much as 50 percent this year compared to 2018, although he added that it was just a “wild guess.” Hamm said that a lot of shale E&Ps are trying to keep spending within cash flow. This newfound mantra of capital discipline has been imposed on the shale industry after a decade or so of a debt-fueled drilling frenzy.