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Oil Drillers Bet Choking Wells Will Keep Shale From Going Bust

2015-10-03 02:54:04| Oil & Gas - Topix.net

The Canadian producer is among a growing number of companies that are restricting initial output -- a process known as choking back-- in basins from North Dakota to Texas. They're conceding huge up-front gushers of crude in exchange for smaller production declines over time so that the wells ultimately generate more oil.

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