Recent technological advancements are significantly impacting the U.S. shale oil industry, reversing prior declines in well productivity despite the need for substantial upfront investments. From 2020 to 2023, productivity per foot drilled in the Permian Basin decreased by 15%, equating to levels seen a decade earlier, as reported by Enverus. This downturn was largely due to the inefficiencies in the fracking process, where dense well placements have adversely affected underground pressure.
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