Section 1 provides a definition of shale oil horizontal drilling, and hydraulic fracturing2; and illustrating the size and location of the major basins economies of scale were the perfect combination in the U. [...] The next part of the paper addresses the unique, contemporary characteristics of shale oil and how As this paper explores the tight oil industry, it these can be expected to influence the future replicates a partially competitive market in an development of the industry. [...] There are the major features of tight oil markets including many striking similarities between the tight oil free and easy entry and exit, a standardized boom and the California Gold Rush, and this paper product, the number of buyers and sellers, explores the many lessons drawn from history and market concentration and transparency. [...] The pace the life of the wells, as illustrated in Figure 9, and of well tie-ins and the unprecedented demand for are unlikely to arrest the imminent decline in the proppant, acid, and fracking equipment had not been level of oil production in the foreseeable future. [...] Is the Shale Oil “Rush” Over? 22 Section 5: Has Technological Innovation Reached a Threshold in the Shale Industry? On a different note, maximizing net present value that the advent of Big Oil is transforming the (NPV) is one of the reasons that the oil industry shale development landscape, driven by these ventured into shale in the first place.
- Pages
- 64
- Published in
- Saudi Arabia
