Unraveling the Oil Conundrum: Productivity Improvements and Cost Declines in the U.S. Shale Oil Industry

Posted: 17 Mar 2016

See all articles by Ryan Decker

Ryan Decker

Board of Governors of the Federal Reserve System

Aaron Flaaen

Board of Governors of the Federal Reserve System

Maria Tito

Board of Governors of the Federal Reserve System

Date Written: March 22, 2016

Abstract

Why have large declines in oil prices and in the rig count not triggered a more dramatic decline in production? At what price level would a large share of U.S. shale oil production lose economic viability?

Suggested Citation

Decker, Ryan and Flaaen, Aaron and Tito, Maria, Unraveling the Oil Conundrum: Productivity Improvements and Cost Declines in the U.S. Shale Oil Industry (March 22, 2016). FEDS Notes No. 2016-03-22, Available at SSRN: https://ssrn.com/abstract=3751001 or http://dx.doi.org/10.17016/2380-7172.1736

Ryan Decker (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Aaron Flaaen

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States
202-973-7338 (Phone)

HOME PAGE: http://www.federalreserve.gov/econresdata/aaron-b-flaaen.htm

Maria Tito

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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