According to a fundamental research firm specializing in contrarian natural resource investments, U.S. shale output is in the early innings of a protracted decline, with depletion, not market dynamics or regulatory overreach, the chief culprit. But there’s a growing likelihood that more novel technologies will come along and jumpstart U.S. oil and gas production, much like hydraulic fracturing revolutionized the U.S Shale Patch two decades ago. New research has revealed that injecting near-depleted oil wells with CO2 can extend their productivity for decades. More here…
