This week, Chesapeake Energy CorpCHK.O, EOG ResourcesEOG.N and APA CorpAPA.O said they could delay some well completions or ramp down drilling due to weak prices. But growth is set to decelerate sharply as the more recent slump in prices curtails new drilling and well completions, with the impact evident by the fourth quarter of 2023. Shale producer Diamondback EnergyFANG.O, however, noted rig prices are falling and steel costs are set to decline by about $20-$25 per foot, a sign the inflationary pressures that plagued the oilfield in the past year are easing.