Shale companies from Texas to North Dakota have been managing their wells to maximize short-term oil production. That has long-term consequences for the future of the American energy boom.
By front-loading the wells to boost early oil output, many companies have been able to accelerate growth. But these newer wells peter out more quickly, so companies have to drill new ones sooner to sustain their production.
Confused, have we moved past the global oil glut?
This news is older of which you believe:
Because they know these shale runs are limited production in the first place, unsustainable in other words.
They are DESTROYING the environment for a few fast bucks!!!!
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Source: Reuters - 🏆 2. / 97 Read more »