Group 1 - The core viewpoint of the articles indicates that major U.S. shale oil companies are reducing capital expenditures in response to a significant drop in oil prices, which has raised concerns about the peak production levels of U.S. shale oil [1][2][5] - Diamondback Energy announced a reduction in its 2025 capital budget by $400 million, bringing it to a range of $3.8 billion to $4.2 billion [1] - Coterra Energy plans to cut its 2025 capital expenditures to $2 billion to $2.3 billion, down from a previous estimate of $2.1 billion to $2.4 billion [2] Group 2 - The energy research group Enverus suggests that if the recent forecasts from these shale oil giants hold true, U.S. shale oil production is expected to decline for the remainder of this year and into 2026, potentially allowing OPEC+ to regain market share [2] - Following OPEC+'s announcement to increase production by 411,000 barrels per day in June, concerns have grown regarding the potential for further production increases unless a reduction agreement is reached among member countries [2] - The price of Brent crude oil has fallen to its lowest level in four years, dropping below $60 per barrel, while WTI crude oil is nearing $57 per barrel, creating a challenging environment for U.S. shale oil producers [2][5] Group 3 - In response to the low oil prices, Diamondback Energy plans to reduce the number of drilling rigs by 10% by the end of June and further decrease in the third quarter [5] - Coterra Energy intends to reduce its drilling rigs in the Permian Basin from 10 to 7 in the second half of the year [5] - Analysts warn that many U.S. shale oil producers may struggle to remain profitable at oil prices below $60 per barrel, particularly in aging basins, which could lead to further drilling halts, rig reductions, and layoffs [5]