The U.S. shale industry might have just received a huge windfall with the nine-month extension of the OPEC cuts. Shale output was already expected to come roaring back this year, but the extension of the cuts provides even more room in the market for shale drillers to step into.The sky is the limit, it seems. However, there are growing signs that the U.S. shale industry could be reaching the end of the low-hanging fruit. Or, more specifically, drilling costs are starting to rise and the enormous leaps in production that can be obtained by simply adding more rigs also appears to be running into some trouble.
Prometheus TweetsMy Tweets
- Sandy 5 Years Later: Is the Northeast Closer to Grid Resilience?
- Ohio’s Clean Energy Mandates Are Back on the Chopping Block [GTM Squared]
- How Big Dollars Are Catalyzing India’s Small-Scale Solar Market
- Electric Cars in China Are On Track for a Record Year
- The People’s Republic of Storage? [GTM Squared]
- Why Local Means Nimble in the Volatile Solar Manufacturing Space
- Oil and Gas Gets an Invite to the Marine Renewables Party
- FERC Faces Barrage of Comments on DOE’s Coal, Nuclear Cost-Recovery Rule
- Renewables May Become the Netflix of the Energy Sector
- AMS Beefs Up Leadership Team With SolarCity’s Grid Services Guru