Unraveling the Oil Conundrum: Productivity Improvements and Cost Declines in the U.S. Shale Oil Industry
Posted: 17 Mar 2016
Date Written: March 22, 2016
Abstract
Why have large declines in oil prices and in the rig count not triggered a more dramatic decline in production? At what price level would a large share of U.S. shale oil production lose economic viability?
Suggested Citation: Suggested Citation
Decker, Ryan and Flaaen, Aaron and Tito, Maria, Unraveling the Oil Conundrum: Productivity Improvements and Cost Declines in the U.S. Shale Oil Industry (March 22, 2016). FEDS Notes No. 2016-03-22, Available at SSRN: https://ssrn.com/abstract=3751001 or http://dx.doi.org/10.17016/2380-7172.1736
Ryan Decker (Contact Author)
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
Aaron Flaaen
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
202-973-7338 (Phone)
HOME PAGE: http://www.federalreserve.gov/econresdata/aaron-b-flaaen.htm
Maria Tito
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
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