Tight spending new normal for U.S. shale

Tight spending new normal for U.S. shale
New Orleans (UPI) Mar 24, 2015 - "Financial prudence" will be the new normal for developments in shale basins in the United States in the era of low oil prices, the head of Schlumberger, the world's largest oilfield services company, said. The low price of oil is forcing energy companies to spend less on exploration and production. The North Dakota government reported the number of rigs actively exploring for or produc ... morehttp://www.oilgasdaily.com/reports/Tight_spending_new_normal_for_US_shale_999.html