It’s often said that you don’t need a drill bit; what you need is a hole. How you make that hole is up to you, but it’s a given that you want to make it as efficiently as possible. The drill bit, therefore, is built to match the diameter and length ...

Despite favorable policies from the Trump administration, weak oil prices around $60 per barrel are causing U.S. shale producers to slow drilling and prioritize efficiency and capital allocation to preserve shareholder value.