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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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Category:Energy and Environment
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