Report for API quantifies new technologies’ 2013 US economic benefits

Oct
30
2014

Innovations in hydraulic fracturing and horizontal drilling that have driven the energy renaissance in the US were responsible for about 48% of the nation’s crude oil production and shaved as much as 94¢/gal off of fuel prices in 2013, according to a recent report commissioned by the American Petroleum Institute.

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Source: Oil Gas Journal

  

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