E&P Companies Face Tough Year Despite Oil Patch 'Bumper Crop'

The U.S. Energy Industry has defied past norms where declines in drilling and completion activity would quickly result in lower production. Technology has turned that paradigm on its head in recent years. Extended reach laterals, optimizing well spacing, and increasing the Completion Intensity-frac stages per foot, upping sand and water concentrations per foot, have enabled this result. In the most recent Energy Information Agency-Drilling Productivity Report-DPR, the tally is in, once again we have a “bumper crop” in the U.S. oil patch.…