MIDLAND, TEXAS—U.S. oil producers have “changed their spots” from “filling up the box” with land and resource inventory to focusing now on developing it.

“Now the box is full,” Reed Olmstead, IHS Markit director of North American onshore research and business development, told attendees at Hart Energy’s Executive Oil Conference.

And investors have changed as well. “The generalist investors are running away,” Olmstead said. “The investment houses have lost their love for us.”

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