Completion

Shale production has transformed the economics of oil and gas production in the U.S. and is creating an era of lower cost energy. Yet drilling and completion costs are typically far higher for shale wells than they are for conventional drilling. Higher initial production and ultimate well recovery rates contribute to better economics for these unconventional wells.  To understand how this works we need to get into the details of shale production costs and revenues. That is the objective of this series.  Today we continue our rundown of shale production financial return calculations.