US shale firms unlikely to increase drilling despite $100 oil prices

Summary

Shale executives at CERAWeek state that oil prices above $100 a barrel won't lead to increased U.S. production unless sustained for over a quarter. Companies like ConocoPhillips and Repsol emphasize sticking to existing drilling plans and budgets, citing rising costs and maturing fields. Smaller producers also indicate they need consistent high prices for six to twelve months before considering increased activity.

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