America's Shale Boom Keeps Rolling; Average CAPEX Cut 4%; Production Up 7%; Concho Sees Production Increase Of 28% -- Bloomberg -- February 20, 2019

Link here. Data points:

• the industry shows no signs of abating
• will do more with less 
• the US will add about 1.45 million bopd this year (2019)
• they added 1.6 million bopd in 2018
• on average, US explorers have cut their capital budgets by 4 percent but are predicting a 7 percent increase in production
• example: Concho
• despite trimming its budget, Concho expects output to grow about 28% in 2019
• overall:
• US will likely pump 12.4 million bopd, 13 percent higher this year than in 2018
• most of the growth will come from the Permian in West Texas and New Mexico