Record costs slap U.S. drillers as oil output growth weakens

9 Investigates: Oklahoma Oil Industry Going Through Rough Patch

 

The same Dallas Federal Reserve report we reported on earlier this week about oil production in Texas also suggested the nation’s oil producers are being hammered with record costs. It comes as the same producers are increasing their oil output at a slower pace.

Like every other industry across the U.S., oil and gas firms also complained of the inability to hire not only workers but qualified workers reported Bloomberg.

Click here for Bloomberg report.