November 17, 2015 – Rigzone
RBN Energy: 'Even At Yesterday's Prices, It’s Not Over Yet'
By: Rigzone Staff
Despite the relatively dismal state of the energy industry of late, RBN Energy Inc. has reminded investors there is some good news to be found in the fact shale production is hitting some milestones – all the high dollar tech investments of shale’s early recent years have driven up productivity and consequently, drilling costs are down.
In its regular note to investors, “If I Could Turn Back Production – Impact of Crushed Oil and Gas Prices on Production Economics,” analyst Sheetal Nasta laid out that productivity improvements made production a formidable force in the market in 2015 in spite of substantial headwinds from low oil and gas prices, drilling cuts and failing rig counts.
What happened? “Producers very quickly learned to do a lot more with a lot less,” Nasta explained.
Read the full article here: http://www.rigzone.com/news/oil_gas/a/142090/RBN_Energy_Even_At_Yesterdays_Prices_Its_Not_Over_Yet
