The benefits of the shale boom are apparent. In the six year span from 2008 to 2013, crude oil production in the United States jumped by 43.7% (12,311 MBOEPD in 2013 compared to 8,563 MBOEPD) and gas production climbed 20% (24.3 Bcf/d from 20.2 Bcf/d). The United States, long dependent on the imports of foreign oil, is now speaking aloud of both energy independence and exporting its crude resources.

Although rig counts have leveled off, U.S. production continues to set records en route to becoming the world’s greatest producer of hydrocarbon...


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