Fracking transformed the U.S. into an oil superpower, but the boom times are threatened by a disappointing next generation of 'child' wells
Shale companies’ strategy to supercharge oil and gas production by drilling thousands of new wells more closely together is turning out to be a bust. What’s more, the approach is hurting the performance of older existing wells, threatening the U.S. oil boom and forcing the maturing industry to rethink its future.
To maintain America’s status as an energy powerhouse, shale companies in recent years have touted bunching wells in close proximity, greatly increasing the number of wells drawing on a promising reservoir. The added...
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US exports outpaced imports of oil products last week for second time everThe U.S. exported more oil and refined products than it imported for the second time ever but weather may have affected the flow of oil into the country.
Read more »
In This Oil Boom Town, Even a Barber Can Make $180,000One of America’s hottest labor markets is in West Texas, where the brisket is scarce, the “man-camps” are full, and oil workers pay $75 to skip the line at the barber shop.
Read more »
Exclusive: Exxon adds veteran traders to bulk up oil trading - sourcesExxon Mobil Corp has hired veteran crude traders Mitch Rubinstein and Michael Pa...
Read more »
Oil Has Best Start to a Year Ever as OPEC Production FallsOil prices are off to their best-ever start to a year as fears of a supply glut cool, part of a 2019 recovery in risky investments from stocks to commodities.
Read more »
How Microsoft is bring companies into the future with AI - CNN VideoCEO Satya Nadella explains how Microsoft is partnering with companies from Telefónica to Daimler to improve their digital tech
Read more »
Darkening economic outlook threatens to cap oil price in 2019: Reuters pollOil analysts have grown more pessimistic over the prospects for a significant pr...
Read more »
Oil futures reverse sharply lower as Trump tells OPEC to ‘relax’ on pricesCrude-oil futures turned sharply lower Monday morning, an about-face that energy analysts pinned on a call from President Trump to OPEC to further prevent rising prices.
Read more »
How the escalating crisis between India and Pakistan threatens U.S. interestsForeign policy experts argue that the brewing dispute between the two nations is not an isolated event and could have ripple effects that down the line that impact U.S. policy in Afghanistan and beyond.
Read more »