Related Articles
Forward article link
Share PDF with colleagues

Keeping US shale afloat

Improving drilling and completion efficiency is crucial for the industry to accelerate cashflow and remain economically viable

Unconventional drilling has come of age, and US independents are more effective than ever. Average feet drilled per day has risen by nearly 20pc since 2015, a testament to the technical advances fuelling the shale revolution. Yet unconventional E&P companies have consistently suffered negative cash flow and weak balance sheets, even during price upswings. To achieve financial sustainability, companies need to focus on capital efficiency across the value chain. The recent collapse in oil prices brings a sense of urgency to this endeavour. Here, we will consider how to embed capital efficiency in well delivery and suggest tactical improvements for independents to adopt. Creating value in

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Letter from Canada: Keystone XL’s demise a fiasco and opportunity
26 January 2021
The Canadian oilsands industry should now be clear where it stands and plan accordingly
Russia benefits from standing its ground in oil price grey zone
25 January 2021
Saudi sacrifice shows greater appetite for compromise in a price environment that is not win-win for the two Opec+ heavyweights
Oman runs hard to stand still
25 January 2021
The sultanate’s long-term oil ambitions are modest, but the urgent appetite for fresh gas supply remains
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video