Energy firms count on technology to boost shale production

06/14/2013 | Bloomberg

The U.S. oil and natural gas industry is now depending on technology such as horizontal drilling and better imaging data to boost production from shale formations after investing about $53 billion in exploring those areas, observers say. "Now that all of the established shale plays are known, companies can start focusing on the economics of these plays," said Eric Gordon with Brown Advisory. "They are under pressure to reduce drilling time and operating costs."

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