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RSS FeedsAll drill, no frack: U.S. shale leaves thousands of wells unfinished
(WorldNews Business)

 
 

24 march 2017 07:14:52

 
All drill, no frack: U.S. shale leaves thousands of wells unfinished
(WorldNews Business)
 


* Incomplete wells hits record in largest U.S. oilfield * Oil still in the ground at over 1,700 Permian wells * Firms race to drill to keep leases amid labor shortage * Oil price rise could bring rapid surge from incomplete wells By Devika Krishna Kumar NEW YORK, March 24 (Reuters) - U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country - a sign that output may not rise as swiftly as drilling activity would indicate. Rising U.S. shale output has rattled OPEC`s most influential exporter Saudi Arabia and pushed oil prices to a near four-month low on Wednesday. U.S. production gains are...


 
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