U.S. Shale Drillers Begin Re-Fracking Existing Wells ...Middle East

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U.S. Shale Drillers Begin Re-Fracking Existing Wells
source : OILPRICE ( Middle East ) () 12
Oil well re-fracking is on the rise in the United States as shale producers seek to boost production without making significant investments in new wells, Reuters has reported. Re-fracking appears to be a way to reconcile shareholder insistence on higher returns and calls from the federal government to increase oil production at a time of tight supply, which has led to higher prices for both crude oil and refined products, chiefly fuels. According to the report, re-fracking of existing shale wells can cost up to 40 percent less than drilling a new…

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