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Shale explorers pump oil on the cheap from slumbering US wells

Saturday, January 9, 2016 - 05:50
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GOING GETS TOUGH: The fracklog is growing as the worst crude-market downturn in a generation spurred companies to halt projects.

Chicago

US shale explorers will be able to bring new supply to market this year even with most of the rig fleet idled and drilling budgets cut to the bone. Their secret: thousands of mothballed wells.

Companies from Exxon Mobil Corp to EOG Resources Inc have 3,994 wells drilled