US shale players expect bumper cash flows in H2 after returning cut volumes

摘要

US shale players are wasting no time returning curtailed volumes in response to rebounding commodity prices, with both Diamondback Energy and Continental Resources confirming that they are ending voluntary cuts imposed during Q2'20 and expect to generate significant cash flow in H2'20. Despite the return of cut volumes, the pair - which both posted Q2'20 losses - have revised down their full-year production estimates.