Increase in US rig count will not cap oil prices
Green Car Congress
JUNE 23, 2016
The geological and commercial differences between the two couldn’t be more glaring. Reports say the US exited 2015 with 4,290 DUC wells waiting for completion which, in most cases, costs more than drilling. In the Middle East a single state oil company is exploiting arguably the most prolific reservoirs in the world.
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