Shale Energy: Developing the Bakken—High oil prices spur Bakken activity

Price, as expected, is a key economic determinant in the oil field. As natural gas prices have dropped from the winter high of $6/Mcf to about $4/Mcf in mid-April, drilling activity in the natural gas shale plays, such as the Barnett and the Marcellus, has suffered a corresponding drop.

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