Price plunge helped US tight oil technology advance, EIA for
OGJ Production NewsTight oil technology was improving already when crude oil prices began their plunge in mid-2014, speakers generally agreed during the US Energy Information Administration’s 2018 conference. But improvements might have quickened as the drop accelerated because producers and their goods and services suppliers felt pressed to be more economically and operationally efficient, they said during a June 4 breakout session.
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