Key Shale-Boom Booster Threatened by Trump's Spending-Cut Plans
The shale research has environmental benefits, too, said Jordan Ciezobka, a principal investigator on the Laredo project and a research manager at the Gas Technology Institute. By increasing productivity and efficiency, explorers can squeeze more oil out of fewer wells, with less water and a smaller footprint.
“Big companies have internal resources at their disposal,” said Hugh Daigle, an assistant professor of petroleum engineering at The University of Texas at Austin. “For the smaller producers, the small independent companies, this is a really important way for them to do research and development, or just basic stuff that they don’t have the resources to do in-house.”
To contact the reporter on this story: Catherine Traywick in Washington at ctraywick@bloomberg.net. To contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net Bob Ivry, Mike Jeffers
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