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Oil Rig Competition Flares Up Amid Permian Boom

July 8, 2020 by

If the downturn taught drillers nothing else, it taught them to tighten their belts—to squeeze every last drop from what they already have. Gone are the loosey-goosey days of $100 oil. Drilling longer laterals is one of those ways that U.S. companies use to squeeze more oil from the rocks, by supersizing fracking, alongside with using more frac sand.

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