Tuesday, August 21, 2012

How Rising Well Costs Are Reshaping the Oil Patch

What’s the biggest generational shift in the oil and gas industry?
Don’t feel bad if you guessed either hydraulic fracturing, horizontal drilling or drilling multiple wells from the same location (pad drilling). Asian investment or rising production from the oil sands would be impressive choices. However, the answer lies where the bit hits the ground hardest - the capital cost of drilling a well.

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