Bloomberg is reporting.
The pioneers of America’s shale gas and oil revolution have done their work. Now it’s time for the factory crews to take over.
After spending $53 billion on a land binge to find hydrocarbons, the petroleum industry
is counting on technological innovations -- better imaging data,
speedier and longer horizontal drilling, among them -- to ramp up the
flow of oil and gas from U.S. shale fields where they’re drilling more
than 10,000 wells a year.
Old news for regular readers of the blog, but some nice data points.
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