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Fracking is actually far more resilient to market swings than traditional oil fields/wells. If prices for crude/natural gas drop, you just shutdown the well. Sp
by greedo 8y ago
Fracking is actually far more resilient to market swings than traditional oil fields/wells. If prices for crude/natural gas drop, you just shutdown the well. Spinning it back up is far faster and cheaper than normal wells.
- alach11 8y agoI work in the O&G industry and I think this is backwards. You're far more likely to see conventional wells be choked back or shut-in during price drops. That is what we saw in the recent oil price drop. With unconventional wells (horizontal fracked wells) decline rates are so high that you will see a dramatic decrease in production by simply stopping drilling of new wells.