Is US shale nearing collapse?

Crude oil production in the United States has decreased by more than 10 percent since the record high of 2015, from 9.6 million barrels per day (mmbpd) to less than 8.6 mmbpd. However, the drop in shale oil production has reached almost 20 percent. Moreover, if the increasing Permian Basin production were left out of the equation, the decrease in U.S. shale oil output would be about 33 percent! And this fall will deepen as the number of new wells is still not sufficient. The collapse of the shale oil production is related to the decline curve of tight oil, but shale oil well production starts to decline much faster than that from regular wells.

"As a person living in North Dakota and being impacted by the oil boom I can say no one is really panicking about a bust in oil here but as an awake person I can see the writing on the wall. The government is reducing its budget by 7% and burning through some of the surplus cash it had from the increase in sales tax. Housing prices are still very high but the prices have leveled off quite a bit and homes are staying on the market more where as before they'd be sold in just a week or two. Also, the price of office space has been slowing coming down too which is another sign that job creation is slowing. I think if oil is still low come Q1 of next year that is when companies will really start to worry about budgets and maybe cut them even more."

http://oilprice.com/Energy/Energy-General/Is-US-Shale-Nearing-Collapse.html