Fetching News Details

Small oil well in Oklahoma attracting big bets from producers category
March 23, 2018

Small oil well in Oklahoma attracting big bets from producers

As the increasing output from newer wells allures the oil firms to bolster the production beyond the giant Permian basin in Texas, a lesser known shale oil well in Oklahoma, ‘Meramec’, is attracting more drilling and investment. The enhanced activity in Meramec and the nearby Osage shale formation is the result of low break-even prices and high output. The results are extremely encouraging and compete with major liquid plays.

   Read More About : North America
⬅ all news

Please Login to Save News for Later