Energy Jobs Direct

Why US Base Oil & Gas Production Declines Are Higher Than You Might Think

Why US Base Oil & Gas Production Declines Are Higher Than You Might ThinkThe natural decline rates of existing oil and gas wells across major shale plays will contribute to a tighter supply/demand balance. The recent dramatic decline in oil prices was precipitated by an unprecedented drop in demand due to the COVID-19 pandemic played out against a backdrop of an already slightly…

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