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Pressure to cut costs drives energy producers to drill for answers

Energy production is an expensive pursuit, but companies’ costs are under growing scrutiny. Energy producers discussed their concerns Tuesday at the Oklahoma State University Energy Conference in Oklahoma City.

BY ADAM WILMOTH Published: April 24, 2013

As dense oil and natural gas drilling continues to expand throughout the country, the industry is facing increased pressure to reduce costs.

Shareholders demand it. Exploration and production companies need it to fund more drilling. Contractors must have it to remain competitive.

“This is a very...
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