---
title: US shale oil production crossed 1 mil b/d in 2011.
description: "Since then, Saudi's market share has been on slow but steady decline, punctuated only briefly by steep price drops in 2015-6 and 2020.\nHow can Saudi regain market share? Either they maintain a $60+ price and see their market share continue to erode, or they increase production to reclaim market share, and see prices plummet. Either way, it's lower revenue in the short term. Should they pump more to decrease prices and regain market shares? Taking the market to <$40 again will be painful for them in the near-term, but they have the financial wherewithal to survive. \n\nSource: John Arnold on X"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [US shale oil production crossed 1 mil b/d in 2011.](https://blog.syzgroup.com/syz-the-moment/us-shale-oil-production-crossed-1-mil-b/d-in-2011)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Dec 4, 2024, 4:35:07 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/us-shale-oil-production-crossed-1-mil-b/d-in-2011)

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