RBN Energy: E&Ps expanding stakes in the hottest plays: winners and losers. This may be the most interesting graphic at the link:
CAPEX and production: from 2014 to 2017, expenditures (oil E&P) dropped from $63 billion (2014) to $18 billion (2016). Assuming it takes 2 -12 months to bring new production on-line, the fact that oil production in 2017 will actually increase is quite remarkable.
Oil production in 2017 is estimated to exceed each of the preceding three years, even as CAPEX is significantly less.
But, for natural gas the numbers are even more impressive. Look at that: CAPEX drops from $12 billion in 2014 to $5 billion in 2016, and gas production jumps from 0.8 billion boe in 2014 to 1 billion boe in 2017.