August 2022, Vol. 249, No. 8

Editor's Notebook

For Producers, It’s that Time

By Michael Reed, Editor-in-Chief (P&GJ) — Oddly enough, the very source of the boom that put some wind behind the sails of the energy industry over the past decade and a half – the Shale Revolution – has become, to a large extent, a snag for production growth.  Arguably, it couldn’t have happened at a worse time.  In late February, when Russia invaded Ukraine, the anticipated decrease in energy supply pushed worldwide prices higher, as did U.S. sanctions against Russian energy companies a year later.  Add to that the loss of demand prompted by the pandemic, and it’s fairly simple to see why the fracking boom, which led to lower prices as supply began to over

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