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U.S. shale plots production growth despite OPEC's warning

HOUSTON (Reuters) - U.S. shale oil producers are plotting ambitious production growth outside the red-hot Permian Basin in Texas, widening a resurgence that could confound OPEC's strategy to tighten global supplies.

As shale firms rebound from a two-year price war with OPEC, many are planning to expand production in North Dakota, Oklahoma and other shale regions.

The Permian - America's largest oilfield - has already seen output jump in the past six months.

via whtc.com

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