Yankee ingenuity at work ///

How do you maintain profitability when the crude oil price drops by 60%? For some highly leveraged shale oil and gas operators, the end is near. But the leading operators are still profitable through a three-pronged strategy. First, these operators have negotiated lower rates from their drilling and pressure pumping contractors, and other service companies and vendors. Secondly, they have narrowed their activity focus to the exceptional sweet spots, where the productivity rate is high, and the decline rate is low.

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