Shale Drillers Pump More Oil From Each Well as Rigs Mean Less

Updated on
  • Companies are drilling wells faster and in better oil patches
  • New oil output is down 39%, compared with rigs dropping 59%

Workers prepare drilling pipe on a deep sea crude oil platform in the waters off Veracruz, Mexico.

Photographer: Susana Gonzalez/Bloomberg

Shale producers in the U.S. have learned to do more with less.

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