>What is interesting is that the new wells are producing...

>What is interesting is that the new wells are producing significantly more. Is this better technology? ....... Bla bla bla

Anyway I think I have worked it out. The reason for the highly productive new wells is that they are switching on DUCs. (Drilled but UnCompleted)
As well as new drilled wells. So, possibly not a new technology.



Source
https://www.reuters.com/business/energy/oil-well-backlog-shrinks-us-shale-may-upset-investors-drill-more-2021-09-14/

"At current well completion rates, the EIA estimates that the top U.S. shale field responsible for U.S. oil gains in the last decade has less than six months of DUCs remaining."

So, in summary fracking production is back. But the drilling of new wells is almost at the lowest since 2014. We are pushing back the depletion rates by switching on previously drilled rigs. We can keep doing this for another 6 months.

The badger take is. "Once bitten twice shy" and oil investors have been bitten. Hell they probably lost a leg the bite was so big. Any talk of "drill baby drill" will probably result in an investor riot. They would be hopping mad. President Biden doesn't have a leg to stand on when he asked for more production. Yeah, small stuff, quick payback projects will get the go ahead. But 20 year big projects in a net zero world by 2050 are not going to happen in the US. Which means opec+ will get to dictate prices. $US75+ is here to stay.

All disclaimers. Badgers have sharp claws and are not to be trusted.