Commodity Trade Mantra

Posts Tagged ‘Hydraulic Fracturing Boom’

US Shale Under Pressure From More Than Just Low Prices

Denton’s ban prohibits drilling within the city limits and joins other local referendums passed. The lasting effect of such local referendums is yet to be seen, but they come at a difficult time for an oil and gas industry. New well permits issued in November fell nearly 40%t from the previous month which indicates a slowdown in shale plays across the US.

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