Shale Drillers Squeezing Costs

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.