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.
Oct 19 2020 | Center for Energy Studies
Mark P. Jones
Oct 19 2020 | Texas Politics