Falling oil prices will have an uneven effect across US unconventional plays based on the qualities of reservoirs within any given play, Gaffney Cline & Associates (GCA) said in a recent report, noting there exists a complex relationship between the pace of shale production and falling futures prices for light, sweet crude oil. “Oil prices in the low-to-mid $80/bbl range will allow a lot of US unconventional oil activity to continue, but a further drop could start to have a significant impact on the market and industries associated with it,” writes Bob George, GCA executive director and senior strategic advisor. In an article George wrote with Neil Abdalla, GCA senior geoscientist, they noted sliding oil prices have yet to reveal a direct negative effect on US unconventional oil and liquids production, which currently stands at 5 million b/d and […]