“Shale 2.0”: Shale Drilling Turned From Art Into Science
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Exxon Mobil, Royal Dutch Shell and Chevron plan to spend a combined $10 billion this year in American
shale.
If
successful, they’ll scramble the U.S.
energy business, boost American oil production, keep prices low, and
steal
influence from big producers.
Furthermore, they are transforming shale drilling into a more economical
operation.
At Bongo 76-43, Shell is drilling five wells in a single pad for the first time, each about 20 feet apart, and is
now able
to drill 16 wells with a single rig every year, up from six in 2013.
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