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Oxford Institute for Energy Studies: new paper shows subtle shale well productivity gains

The Oxford Institute for Energy Studies (OIES) has published PetroNerds’ new research paper, “Unravelling the US Shale Productivity Gains,” authored by PetroNerds co-founders Trisha Curtis and Ben Montalbano. “Unravelling the US Shale Productivity Gains” examines the significant year-over-year well productivity gains that have been generated in several prominent US shale and tight oil plays since the beginning of…

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Eagle Ford shale takes big spending hit during the oil bust: Wood Mackenzie

Across the US, no other oil field has been hit with bigger spending cuts than the Eagle Ford formation, according to a new report by oil industry analysts Wood Mackenzie. Investments in the 26-county Eagle Ford field that is spread across South Texas plummeted by two-thirds to an estimated $10 billion this year from just…

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US shale oil shifting to lower cost curve; more plays viable at $60 bbl: Wood Mac study

A price of $60 or less for a barrel of Brent crude should not hinder the commerciality of most new drilling projects in U.S. tight oil plays, according to the latest study unveiled by Wood Mackenzie, which said its global oil market analysis showed that 70% of such projects and conventional oil projects in the…

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US shale oil well output decline rates slowing

Since the beginning of the U.S. fracking revolution, oil producers have struggled with a frustrating issue: after an initial burst, crude output from new shale wells falls much faster than from conventional wells. However, those well decline rates have been slowing across the U.S over the past few years, according to data analysis provided exclusively…

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