Shale Drillers Warn of Higher Costs as They Report Record Profits

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Shale corporations are reporting banner income however are warning that inflation within the oil patch is main them to extend their spending.

Oil costs hovering around $110 a barrel within the second quarter lifted the earnings of among the largest shale corporations. Pioneer Pure Assets Co., Continental Assets Inc., Diamondback Power Inc., Coterra Power Inc. and Matador Assets Co. all reported traditionally excessive income in current days, in line with FactSet.

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