Energy professionals and others following the developments in the oil and gas industry during the last couple of years have witnessed a massive rise in reporting concerning hydraulic fracturing technology. The role of conventional oil could easily be undervalued considering the rising importance of shale oil. Although hydraulic fracturing has changed the market significantly, conventional producers still make up the bulk of today’s oil mix. Production of shale oil in the U.S. is poised to grow even further in the coming years. However, basic…
