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

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  • Ryan Decker
  • Aaron Flaaen
  • Maria D. Tito

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? In this note, we explore these questions with a focus on the U.S. shale oil industry in the Bakken, Eagle Ford, and Permian Basin regions.

Suggested Citation

  • Ryan Decker & Aaron Flaaen & Maria D. Tito, 2016. "Unraveling the Oil Conundrum : Productivity Improvements and Cost Declines in the U.S. Shale Oil Industry," FEDS Notes 2016-03-22, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:2016-03-22
    DOI: 10.17016/2380-7172.1736
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    File URL: https://www.federalreserve.gov/econresdata/notes/feds-notes/2016/unraveling-the-oil-conundrum-productivity-improvements-and-cost-declines-in-the-us-shale-oil-industry-20160322.html
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    Cited by:

    1. Lewis Alexander & Janice Eberly, 2018. "Investment Hollowing Out," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 66(1), pages 5-30, March.
    2. Daniel Santabárbara, 2017. "The oil market: recent developments and outlook," Economic Bulletin, Banco de España;Economic Bulletin Homepage, issue SEP, pages 1-12.
    3. World Bank Group, 2016. "Commodity Markets Outlook, April 2016," World Bank Publications, The World Bank, number 24171.
    4. Daniel Santabárbara, 2017. "Evolución reciente y perspectivas del mercado de petróleo," Boletín Económico, Banco de España;Boletín Económico Homepage, issue SEP, pages 1-14.

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