CLR - Continental's Top Tier Acreage Will Not Last Forever
I wrote a recent article looking at the shale industry and its prospects beyond the current frantic drilling in the top tier acreage. I pointed out that shale oil production may in fact reach as high as 10 mb/d in a few years, but beyond that things may get tough as shale drillers start to run out of prime acreage. Following the 2014 oil price collapse most shale drillers consolidated their activities in their top tier areas, which is now paying off, given that many companies are finally producing some profits along with the spectacular