Shale boom is slowing… WSJ – Commodity Research Group

September 30, 2019 by Jim Colburn Leave a Comment

This is an excellent piece by the Wall Street Journal’s Christopher M. Matthews and Rebecca Elliott on the slowing growth of shale oil production…

”U.S. oil production increased by less than 1% during the first six months of the year, according to the Energy Department, down from nearly 7% growth over the same period last year.

Unlike several years ago, when shale production fell due to a global price collapse, the slowdown this year is driven partly by core operational issues, including wells producing less than expected after being drilled too close to one another, and sweet spots running out sooner than anticipated.“

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

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