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Texas shale oil has fought Saudi Arabia to a standstill

Posted by ipso facto @ 10:52 on August 1, 2016  

This is a biggie:

snip

The ‘decline rate’ of production over the first four months of each well was 90pc a decade ago for US frackers. This dropped to 31pc in 2012. It is now 18pc. Drillers have learned how to extract more.

http://www.telegraph.co.uk/business/2016/07/31/texas-shale-oil-has-fought-saudi-arabia-to-a-standstill/

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.