Baker Institute Experts: Major Parts of US Shale Sector Will Ramp Up with $60 Oil Prices

HOUSTON, Jan. 23 -- Rice University issued the following news release:

If West Texas Intermediate (WTI) crude oil prices stabilize at or above $60 per barrel, major parts of the United States shale sector that are currently dormant will ramp up, according to an analysis by experts in the Center for Energy Studies at Rice University's Baker Institute for Public Policy. This as the oil production targets agreed to at the Nov. 30 OPEC meeting have created the firmest prospect in the . . .

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David Ruth, 713/348-6327, david@rice.edu; Jeff Falk, 713/348-6775, jfalk@rice.edu