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MercoPress, en Español

Montevideo, December 22nd 2024 - 23:57 UTC

Tag: Bakken

  • Monday, April 20th 2015 - 06:57 UTC

    Has the U.S. reached “peak oil” at current price levels?

    If prices don't rise to offset those higher drilling costs then production will start declining

    The United States Energy Information Agency once again capitulated on the myth that rig counts don't matter and the productivity of wells would largely offset, leaving the industry on a continuous path to higher output. The current consensus of 500,000 B/D additional growth in 2015 US production now appears very much at risk.