(EnergyAsia, April 9, 2015, Thursday) — Amid sharply reduced budgets and activities, the US shale sector is hoping for the stage to be set for oil prices to stabilise and eventually recover, said UK consultant Douglas-Westwood (DW). Another consultant Wood Mackenzie expects exploration costs to fall by a third, spurring drilling activity for 2016 to…
MARKETS: US shale sector hopes for oil price recovery while global exploration costs seen falling 30%, say consultants
Posted on April 9, 2015 by EnergyAsia