Hughes quoted on falling shale production at AMI Newswire
May 18, 2016
Post Carbon Fellow David Hughes was quoted in this article on the downturn in shale oil production in North Dakota.
From the article:
READ FULL ARTICLEAlthough some shale oil analysts see production ramping up once oil prices begin rising again, David Hughes, a fellow at the California-based Post Carbon Institute, takes a more cautious view.
“When prices go up, a lot of the best locations have already been drilled off,” Hughes told AMI Newswire.
About one-third of the oil in North Dakota’s Bakken Formation has already been removed, he said, and even though the fields will continue to produce oil for a couple more decades, well productivity will inevitably drop.