Shale Wells Are Losing Oil Output Faster Than Expected, Study Says - BNN Bloomberg
Shale Wells Are Losing Oil Output Faster Than Expected, Study Says - BNN Bloomberg
www.bnnbloomberg.ca Shale Wells Are Losing Oil Output Faster Than Expected, Study Says - BNN Bloomberg
The steep drop in output from US shale wells is turning out to be worse than expected, forcing oil drillers to work even harder to keep production from slipping, research firm Enverus said in its latest report.
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“Summed up, the industry’s treadmill is speeding up and this will make production growth more difficult than it was in the past,”
And I am darn happy about that! Still shamelessly talking about growth, that's just crazy.