First tech, now financing: U.S. shale firms get creative to pump more oil

Necessity is the mother of invention, and we’ve experienced that first hand here in the North Dakota oil patch. The necessity was to survive an OPEC supply assault intended to force shale operators out of the market with lower prices. The invention was better, more efficient ways to drill. And as the term of the low prices extends, financing the operation seems to be the next part of the industry that’s evolving. Ernest Scheyder with Reuters has the story.

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Ernest Scheyder, Reuters

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Josh Wolsky

Editor and Publisher of TheMinotVoice, Developer of the #ForMinot Network,  Co-Host of #GoodTalk Minot, Advocate and Friend of the Souris River, Former City Alderman, and clearly -- all things #MakeMinot. Go ahead, don't wait for permission!