Advances in mining technology to reduce production costs

Combined with improved seismic imaging, recession velocity and underground geologic model, these technological advances lead to more drilling program was more effective implementation,Fracturing proppant while the cost per well also declined. These are just some of the improvements in terms of efficiency, revenue also comes from the producers of their joint adjacent terrain area, rather than the dispersion of small-scale leases. Through the joint use of equipment and production staff turnover achieved economies of scale.

While we expect higher productivity growth, however, because the huge leap in technological progress is likely to disappear, the growth rate will likely occur after reaching diminishing returns.ceramic ball Combining these cases, in fact, focused on the production of the most resource-rich areas and easy to reach areas, which means that the rest of the mining areas will be faced with the challenge of declining productivity.ceramic proppant Overall, we expect the fastest growth in crude oil production is likely to disappear within the next two years and after a slowdown in 2015.