（彭博社）“根据研究公司 Rystad 的一份报告，美国独立页岩油生产商第二季度以三年来最快的速度投资于产量增长，这背离了行业关注的财政纪律。活力。

这项针对 18 家公司的研究显示，第二季度再投资率飙升至 72%，为 2020 年以来的最高水平，这些公司合计约占美国页岩油产量的 40%。

雷斯塔指出，注入现金之际，美国页岩油井产量急剧下降的幅度超出预期。研究公司 Enverus 在本月早些时候的另一项研究中表示，枯竭的油田迫使石油钻探商更加努力地工作，以防止产量下滑。

但是，再投资率的上升不太可能持续下去。Rystad 高级上游分析师马修·伯恩斯坦 (Matthew Bernstein) 表示，“未来几个季度通胀压力缓解，油价反弹，这种飙升将是短期异常现象，而不是战略转变。” 这意味着页岩油公司可能会像过去两年一样，继续专注于以回购和股息的形式向股东支付股息。

(Bloomberg) – U.S. independent shale oil producers invested in output growth in the second quarter at the fastest rate in three years, a departure from the fiscal discipline that’s been the industry’s focus, according to a report from research firm Rystad Energy.

Reinvestment rate surged to 72% in the second quarter, highs not seen since 2020, according to the study focusing on 18 companies that collectively account for about 40% of U.S. shale output.

The cash injection comes as the steep drop in output from U.S. shale wells is turning out to be more significant than expected, Rystad notes. The depleted fields have forced oil drillers to work even harder to keep production from slipping, research firm Enverus said in a separate study earlier this month.

But, rising reinvestment rates are unlikely to last. “As inflationary pressures ease in the coming quarters and oil prices rebound, this spike will be a short-term anomaly instead of a shift of strategy,” said Matthew Bernstein, Senior Upstream Analyst at Rystad. This means shale companies will likely stay focused on paying out shareholders in the form of buybacks and dividends, as they have in the past two years.