Oily Stuff

There is so much lying going on now about US tight oil, OMG, its sad.

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Take for instance the fact that fewer rigs are now so efficient that they can drill more wells with, apparently, higher productivity? That one almost makes me want to hurl. 

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If fewer drilling rigs can drill more holes in the ground, why are frac spreads going down? Fracs make the well produce, not drilling rigs.