First, all the fracking in Texas is fueled by cheap interest rates and private equity. The industry as a whole is losing money -- to the tune of $600 billion since 2007. And when investors (I'm looking at you pension funds) finally realize that there is no path to making these companies profitable, especially when the decline rate on their wells is 70% in the first year, they will stop pouring money in. A lot of companies will vanish when this happens.
Second, the media loves to play up the notion of "energy independence" and headlines of the United States producing more than Russia/Saudi Arabia, but neglects to understand the differentials in crude quality. The US (especially Texas) is producing light oil, which increasingly is not wanted in the industry. The refineries in the US have consumed all they can and are increasingly in need of heavier oil to mix with, hence why you see the US exporting our oil and importing oil from Saudi Arabia and elsewhere. When exports have been maxed out and foreign buyers slow their purchases these companies will have nowhere to send their oil and will need to slow drilling.