Report: Texas shale can ‘compete with anything Saudi Arabia has’

Report: Texas shale can ‘compete with anything Saudi Arabia has’

by WorldTribune Staff, August 1, 2016 Significant cost-cutting measures and the ability to quickly erect new rigs has enabled Texas shale oil producers to “compete with anything Saudi Arabia has,” a report said. Scott Sheffield, the outgoing chief of Pioneer Natural Resources, told Bloomberg that pre-tax production costs in the massive Permian Basin of West […]