Is U.S. Shale as Productive as It's Cracked Up to Be?
"When you look at the data, the question arises of whether E&Ps' well production systems are as efficient and productive as they like to think they are."
Why this is important: Detractors of the shale gas revolution are adopting a new tactic--claiming that horizontal shale wells are not as productive and efficient as the industry says. The longer range of lateral well bores, reduced drilling and completion times, and more sophisticated stimulation technologies are not enough, says this crowd. The high price of operating capital, uncertain production decline rates, and the stagnant price of natural gas are the supposed problems that will bring down this industry....
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