Even before Coronavirus shale drilling was slowing down
Even before Coronavirus and the oil price collapse, shale drilling was slowing down, and the industry as a whole was entering a dry season. But why? After ten years of seemingly successful shale drilling and achieving energy independence, why are oil and gas companies struggling? This is a brief summary of the analysis by Blue Mesa Minerals.1. OverproductionHundreds of thousands of long fracked horizontal wells have resulted in an…See More
