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2015-06-05 19:00:00

U.S.: MORE EFFICIENT 65%

U.S.: MORE EFFICIENT 65%

Price declines for crude oil in the last 6 months and natural gas in the last 6 years have made US unconventional producers become so much more efficient to stay globally competitive that the US still has significant energy geopolitical opportunities, an IHS official told a US House Energy and Commerce subcommittee.

"Compared with 2014, IHS expects investment capital in US shale oil plays to be 65% more efficient at the start of 2016 than the start of 2015 due to compounding productivity and cost cuts," said Gerald Kepes, IHS vice-president, upstream research and consulting.

"IHS anticipates cost reductions…

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Tags: US, OIL, PRICE, SHALE, LNG
Chronicle:
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