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This development could take the shale oil boom to a whole new level

By on April 12, 2014
Shale-Oil

Matt Badiali of the S&A Resource Report has a great article about the improved economics of horizontal drilling and hydraulic fracking. By drilling longer horizontal drills and increasing he volume of sand used in fracking, these oil companies are seeing much better profits than anyone anticipated. This gives these oil companies much more room to make money even if oil prices head back down to $90 per barrel.

To find out which companies are making the big bucks, read more here… This development could take the shale oil boom to a whole new level // The Crux

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