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Day Of Reckoning For US Shale Will Have To Wait

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That amounts to just 2 percent of available credit lines, much lower than the 15 percent reduction expected by analysts. Maintaining access to finance can come at a price. Bond markets have essentially been ruled out as a new source of finance for high-yield producers. rig count has declined by more than half, U.S.

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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

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One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

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