Oil prices low; drilling continues

Ponca City Now - May 11, 2015 9:14 am

OKLAHOMA CITY (AP) – Oklahoma energy companies are still drilling in spite of low oil prices, but they are putting off costly completion practices like hydraulic fracturing until prices recover.

The Oklahoman reports that drilled uncompleted wells are a new trend in the oil patch, led both by lower oil prices and the drastic technological and procedural changes the industry has experienced over the past decade.

 

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