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Analysts say late-2016 surge can't be matched, but industry still expanding at good pace

And they are among the most earnest to embrace digital wallets. An overwhelming 87 percent ranked e-payment as the top choice for purchases, while 83 percent use the payment method on a daily basis.

Analysts were surprised that five rigs were added in the Permian Basin despite the big price differential between Midland and WTI due to pipeline bottlenecks. They considered the pipeline bottlenecks as a big threat against production growth of the Permian Basin.

And, in response to Weyand's "snail's pace" jibe, he told the Financial Times: "And talking about the speed of the negotiations, I think it's better to be a down-to-earth turtle than a cunning rabbit."

Analysts said the Wen-23 construction signaled a step up for underground storage expansion. Currently there are 10 such projects under construction and around 20 in the planning stages.