Efficiency Gains Boost U.S. Oil & Gas Production and Cut Costs

SUGAR LAND--July 31, 2014--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Efficiency gains are allowing oil and gas producers to increase production while lowering costs, enabling some to reduce their capital budgets. The increased production stemming from technology gains and improved operating practices is good news for producers and consumers. But suppliers of capital may experience decreased demand for their services, a downside of the industry's efficiency gains.

Within this article: Information regarding oil and gas production efficiency gains in the Bakken, Niobrara, Eagle Ford and Haynesville shales.

Other companies featured: Range Resources Corporation (NYSE:RRC), EOG Resources Incorporated (NYSE:EOG), Sanchez Energy Corporation (NYSE:SN) and Royal Dutch Shell Plc (NYSE:RDS.A)