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Unconventional wells are becoming more economically difficult as prices remain low
With oil losing more than 50% of its value in six short months, United States shale producers are increasingly feeling the market squeeze as they struggle to competitively price their product in the global sphere.

In June of 2014, when West Texas Intermediate (WTI) prices reached a high of $101.18, U.S. shale producers were easily able to justify expanding operations to grow production. The business model has become much more difficult now that prices have en...

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