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.
Kirstin R.W. Matthews , Kenneth M. Evans , Daniel Morali , Flora Naylor
Oct 13 2021 | Science & Technology Policy
Oct 11 2021 | Center for Energy Studies