Producers to pump less oil and gas amid low prices

After pushing U.S. oil and natural gas production to record numbers, producers are beginning to pull back production amid low prices, according to The Wall Street Journal. Some of the country’s largest natural gas drillers, including EQT Corp. and Chesapeake Energy, plan to make the sharpest production cuts. Simultaneously, oil-focused companies are promising to rein

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Has the US shale oil boom peaked?

Has the technology that drove the U.S. shale boom finally peaked? One thing is clear, oil production is leveling off as innovation plateaus, according to a recent article by The Wall Street Journal. U.S. oil production increased by less than 1% during the first six months of 2019, according to the Energy Department. Over the same

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What’s up with drilled but uncompleted wells?

There are plenty of reasons a shale well may be drilled, but not completed and producing, according to Farm and Dairy. The well’s operator could be waiting for a pipeline to be connected, a crew to complete it or better markets. Maybe the well was drilled to hold a lease and never put into production.

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