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Working Paper

Unraveling the Oil Conundrum : Productivity Improvements and Cost Declines in the U.S. Shale Oil Industry


Abstract: Why have large declines in oil prices and in the rig count not triggered a more dramatic decline in production? At what price level would a large share of U.S. shale oil production lose economic viability? In this note, we explore these questions with a focus on the U.S. shale oil industry in the Bakken, Eagle Ford, and Permian Basin regions.

https://doi.org/10.17016/2380-7172.1736

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2016-03-22

Number: 2016-03-22