Learning curve economies

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-	'''Learning curve economies''' refers to the general effect that the more times a process is repeated, the less labor time that is involved.	+	'''Learning curve economies''' refer to the general effect noticed that the more times a process is repeated, the less labor time that is involved.
	It corresponds to the learning effect wherein procedures and processes are assimilated and carried out in a more efficient manner.		It corresponds to the learning effect wherein procedures and processes are assimilated and carried out in a more efficient manner.
-	At the same time tolls and capital goods that are required in the process are optimized producing additional economies.	+	At the same time tools and capital goods that are required in the process are optimized producing additional economies.
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		+	Some areas in which E & P companies operating in the [[Marcellus shale]] and other horizons in the Appalachian Basin typically enjoy economies with experience are in:
		+	* reducing drilling times
		+	* building-out water management infrastructure
		+	* using multi-well [[pad drilling]]
		+	* single sourcing suppliers
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		+	Intuitively, we say the companies ''get better'' at these tasks with experience.
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		+	[[Category:Drilling practices]]

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Current revision

Learning curve economies refer to the general effect noticed that the more times a process is repeated, the less labor time that is involved. It corresponds to the learning effect wherein procedures and processes are assimilated and carried out in a more efficient manner. At the same time tools and capital goods that are required in the process are optimized producing additional economies.

Some areas in which E & P companies operating in the Marcellus shale and other horizons in the Appalachian Basin typically enjoy economies with experience are in:

• reducing drilling times
• building-out water management infrastructure
• using multi-well pad drilling
• single sourcing suppliers

Intuitively, we say the companies get better at these tasks with experience.