Spencer Platt/Getty Images

Small, independent producers in New Mexico that can't afford to spend money on modern drilling technology may soon fall victim to the shale boom as they find it increasingly difficult to run aging oil wells with outdated techniques. "The low-volume wells run by stripper operators like me supplied about 20% of the market until recently, but it's fading away now," said Gregg Fulfer of Fulfer Oil & Cattle.

Related Summaries