OPEC Calls the Tune and U.S. Shale Producers Follow — By Cutting Production

Some U.S. shale producers are cutting back on drilling and new production in response to plummeting oil prices, write Jim Krane and Mark Agerton in the Forbes blog. According to a recent Center for Energy Studies report, well drilling has dropped in North Dakota’s Bakken shale and Texas’ Permian Basin — but production continues virtually unaffected in the country’s most prolific, lower-cost shale acreage. Read the report, "Effects of Low Oil Prices on U.S. Shale Production: OPEC Calls the Tune and Shale Swings," published Feb. 11, 2015.

Read "OPEC Calls the Tune and U.S. Shale Producers Follow — By Cutting Production" in the Feb. 11, 2015, Forbes blog.