US oil firms turn to fracking mixology as crude slides again


WILLISTON: US oil companies, under renewed pressure from falling crude prices, are increasingly tweaking and mixing fracking technologies as they scramble to squeeze more out of wells and eke out profits after rounds of cost-cutting.

Shale oil firms need the experiments to payoff now more so than before given that oil prices have resumed their slide to trade around US$49 per barrel this week from US$60 a few months ago.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Oil nudges higher after Saudi Arabia hikes prices
China's services activity eases in April but still solid, Caixin PMI shows
No knee-jerk decline in Carlsberg sales following price hike
Ringgit opens higher against US$ as greenback weakens
Foreign inflow to Bursa Malaysia surges to RM1.06bil net
Domestic equities get boost from global demand
Trading ideas: BHIC, Naza, F&N, Pestech, PetGas, XIX, TT Vision, Uzma, WTK, Ranhill, Farm Price, Sarawak Cable, SLP
Fed’s Williams says 2% inflation target ‘critical’
TD risks earnings hit from US probe
Promoting Techcombank as industry leader

Others Also Read