U.S. shale revolution won't end anytime soon

09/1/2014 | Reuters

The U.S. shale revolution is poised to continue despite the declining output rates from horizontally drilled and fractured wells, writes John Kemp, senior market analyst at Reuters. The downturn could not limit the oil and natural gas boom in the next decade, considering that producers are using fast mass production techniques and that the estimated ultimate recovery is a more important basis of sustainability than the decline rate, he notes. "As long as the oil is needed, and prices remain fairly high, shale production is set to grow," Kemp writes.

View Full Article in:


Published in Brief: