US to Become Net Oil Exporter in 2020: Shale Drillers to Gain

Advanced techniques like hydraulic fracturing and horizontal drilling have made U.S. shale operations extremely efficient. Explorers are now capable of producing more oil with the deployment of lesser rigs. Thus, despite the recent signs of moderation in American oil production growth, the country is poised to become energy-independent by next year.

Shale Drillers to Back US’ Energy Independence

Conservative capital spending by U.S. oil explorers have slowed down…

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