Huge Backlog Could Trigger New Wave Of Shale Oil
Green Car Congress
JANUARY 23, 2019
That leaves a rather large backlog that could add a wave of new supply, even if the pace of drilling begins to slow. That figure is also up sharply from the 5,271 from the same month in 2016, a 60 percent increase. The latest crash in oil prices once again raises this prospect. The calculus on completing wells can cut two ways.
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