Unraveling the Oil Conundrum: Productivity Improvements and Cost Declines in the U.S. Shale Oil Industry

Unraveling the Oil Conundrum: Productivity Improvements and Cost Declines in the U.S. Shale Oil Industry Ryan Decker, Aaron Flaaen, and Maria Tito FRB, March 22, 2016       Oil prices have declined by roughly 70 percent since peaking in the middle of 2014. The U.S. oil rig count–a common measure of drilling activity–peaked in…

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