Huge Backlog Could Trigger New Wave Of Shale Oil
Green Car Congress
JANUARY 23, 2019
The latest crash in oil prices once again raises this prospect. On the one hand, lower oil prices – despite the recent rebound, prices are still down sharply from a few months ago – can cause some E&Ps to want to hold off on drilling new wells. The calculus on completing wells can cut two ways. production levels.
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