Oil companies expect to spend more this year on drilling in the US according to a survey of over 300 companies that shows a 15% increase in 2018 to more than $100 billion in aggregate spending. Depending on the stability and buoyancy of oil prices this year, 2018 could be the second consecutive year producers hiked spending—in 2017 spending went up a reported 49% YOY per investment bank Evercore ISI. So far among companies......
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