U.S. shale companies like Diamondback Energy (FANG), Continental Resources (CLR) and EOG Resources (EOG) are becoming the new swing producers for the global oil market, rising to compete with and take market share from the industry's traditional powerhouses, Saudi Arabia and Russia.
XMeanwhile, even integrated energy giants Exxon Mobil (XOM), Chevron (CVX) and Royal Dutch Shell (RDSA) are pouring more money into U.S. shale plays, especially the Permian Basin.
Watch for new technologies and efficiencies from U.S. producers as they try to get around price hikes from service providers Halliburton (HAL) and Schlumberger (SLB) as well as any additional OPEC attempts to slow shale's advance.
Energy Stocks And Industry News
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