Liberty said it plans to reactivate equipment this year and add two electric fleets in early 2023 as pricing has recovered
The company said oil producers are now “evaluating the opportunity to deploy incremental capital in North America to modestly grow production,” which could mark a potential shift in a strategy that focused on limited production growth in favor of shareholder returns.
Liberty said it anticipates U.S. oil output to grow by slightly less than 1 million barrels per day by the end of 2022, and maintain a similar growth rate for 2023.Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.
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