Posts Tagged
shale rock
Shale’s Running Out of Survival Tricks as OPEC Ramps Up Pressure
©2015 Bloomberg News NZVO156KLVR4 (Bloomberg) — In 2015, the fracking outfits that dot America’s oil-rich plains threw everything they had at $50-a- barrel crude. To cope with the 50 percent price plunge, they laid off thousands of roughnecks, focused their rigs on the biggest gushers only and used cutting-edge technology