The oil companies have been a bit slow to increase production on some of their existing, approved, active leases because why should they? They are making incre

The oil companies have been a bit slow to increase production on some of their existing, approved, active leases because why should they? They are making incredible profits right now and are buying back billions of their own stock. Seems to me if they wanted to increase production a lot they would decrease the stock buy backs and instead increase future revenue by increasing current and near future production.