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As Efficiency Improves, Operators Release Land Rigs
August 13, 2012
Is the land drilling industry too good to be true?
It is a question worth asking since one of the takeaways from second-quarter 2012 earnings calls is that drilling efficiency is improving, particularly in the unconventional plays.
Whether measured in reduced cycle time, wells per year or any other metric, operators are conveying the same message: ...
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