Oil well investing strategies are adapting to tech-driven drilling efficiencies. Improved lateral lengths are yielding higher initial production (IP) rates, encouraging bullish sentiment in oil equities. As President Trump began his second term, he proclaimed in his inauguration speech that America would "drill, baby, drill," promising a boom in drilling and lower prices at the pump. Biden-Harris Administration Invests $775 Million from Investing in America Agenda for States to Plug Orphaned Oil and Gas Wells Oil well investing momentum is reinforced by sector earnings beats in 6 of the last 8 quarters. Hedge funds have added exposure, betting on continued volume growth in shale-rich regions.