This is the best summary I could come up with:

After years of losing money on horizontal drilling and hydraulic fracturing, the companies that have helped the United States become the leading global oil producer have turned a financial corner and are generating robust profits.

Under pressure from Wall Street to improve financial returns, the companies that survived the 2020 oil-price crash generally ditched the debt-fueled growth strategy that had propelled the American shale boom.

Since 2021, oil and gas wells in the lower 48 states have generated more than $485 billion in free cash flow, the money left over after spending on operations and new projects, according to estimates by Rystad Energy, a research and consulting firm.

“People used to call us drunken sailors,” said Steve Pruett, chief executive of the oil and gas producer Elevation Resources, which is based in Midland, Texas, an industry hub in the Permian Basin.

The Permian Basin, a vast expanse of oil pump jacks and mesquite shrubs that stretches from West Texas into eastern New Mexico, supplies roughly 6.4 million barrels a day of crude, or nearly half of all U.S. production.

Yet many who make a living pumping oil and gas bristle at Mr. Biden’s rhetoric and climate policies and worry that another term for him or another Democrat could hurt their businesses in the long run.

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