In September, I conducted four days of energy-related meetings in Dallas and Houston. The goal was to review current industry conditions and the production outlook for 2017. I met with majors (BP, Shell, BHP), large US shale producers (Range, Anadarko, EOG, Apache), services companies (CBI, Schlumberger, Halliburton), US LNG producers/projects (Cheniere, Texas LNG) and industry consultants. I discovered that production is no longer falling. The steep production decline for so-called unconventional (shale) oil that was forecast to balance the market, following the oil price crash in 2014, has come to a halt. Most producers we met with are planning to hold production at current levels or increase production next year.