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" ... A drilling or fracking ban is usually not imposed directly. Once a lease is purchased, this implies a right to a permit to drill and frac a well. But an application for permit to drill (APD) still has to be made, and it is controlled by a Resource Assessment (RA) and an Environmental Assessment (EA). So, BLM officials can approve, defer, delay or even deny, the permit needed to drill and frac a new well. ... "
" ... But things are looking up. Prices have recovered, with the US benchmark of WTI now near $43…the highest since the Saudi-Russia price war that followed the onset of the COVID-19 pandemic. The rig count has stabilized; the frac count is increasing. Moreover, the economy is recovering, stimulus programs have been adopted and Interest rates are at record lows. ... "
" ... Production of oil from U.S. shale formations fell by 20% during 2020, ending the year at about 7.44 million barrels of oil per day. Kpler’s belief is that shortages of frac sand and other technical constraints will prevent a full recovery to previous production levels over the next 18 months, even with an oil price of $70 per barrel. ... "
" ... RBC Capital Markets analyst Kurt Hallead thinks so. Selectivity is key, so he recommends three areas in which to focus: frac sand, U.S. land drilling and Canadian pressure pumping stocks. "At today's stock prices, we think [they] offer the greatest upside within our coverage universe in a world of $50 oil," he said in a report Thursday. ... "