Not So Prolific: US Shale Faces A Reality Check
Green Car Congress
DECEMBER 14, 2016
The collapse of oil prices has forced the US shale industry to slash production costs. He broke down the cost reductions into a few categories: “One of these factors is high-grading, where operators are drilling only the better acreage,” said Olmstead. We are producing cheap oil today, leaving costly oil for tomorrow.
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