Oil Prices Surge, Supply Chain Outlook
Bloomberg Intelligence
Evolving Oil Extraction Techniques
This chapter explores the declining rig count in the U.S. oil industry and its limited impact on production due to significant efficiency gains in extraction methods. Innovative techniques, such as three-mile laterals and hydraulic fracturing, are discussed for their role in enhancing resource accessibility while optimizing costs. The chapter also examines the challenges and opportunities in drilling practices and the implications of land ownership in the sector.
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