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Stock impact report

U.S. Shale Turns From Drilling Faster to Recovering More Oil [Yahoo! Finance]

Devon Energy Corporation (DVN) 
Last devon energy corporation earnings: 2/18 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
gains that pushed the U.S. total to a record high again were the hallmarks of 2025. The next frontier? Recovery rates. Recovery rates for shale oil wells are much lower than the rates for conventional wells. The average is around and below 10%, compared with 30% to 35% for conventional wells. Given the prominence of shale basins in the United States' total oil production, it was only a matter of time before recovery rates came into the spotlight. With the Trump administration's prioritization of energy, the time was right. Wood Mackenzie recently reported on the administration's signals to the energy industry that it is time to start paying closer attention to recovery rates and ways of boosting them. The report cited the assistant secretary of energy, Kyle Haustveit, who was appointed head of the new Hydrocarbons and Geothermal Energy Office at the Department of Energy, as saying the industry should strive to double recovery rates from shale wells. “Today for oil reservoirs we Show less Read more
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