Revolution repeated
Shale gas explosion forces mid-caps to focus on oil using technologies baptized in shale search
First came the revolution in natural gas production - the shift to shale gas which, by bringing huge new stores of natural gas into the market drove prices down and made it necessary to fundamentally restructure Canada's gas-prone petroleum sector. Now comes the revolution in the oilfield. Ironically, the same technologies that made shale gas possible are enabling the industry to begin the restructuring that the shift to shale gas made necessary.
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