By Nick Cunningham

Just as the U.S. shale patch is starting to look a little crowded, deepwater drilling could see a comeback.

Royal Dutch Shell says that offshore drilling is now more competitive than onshore shale drilling, upending what has become conventional wisdom since the 2014 oil market meltdown. The downturn was thought to place a premium on short-cycle shale drilling, dramatically reducing the risk companies face by allowing them to quickly earn their money back in a matter of months or even weeks on individual shale wells.

Read more...http://energyworthonline.com/2018/08/15/is-deepwater-drilling-more-profitable-than-shale/