US Shale Is Now Cash Flow Neutral
Green Car Congress
DECEMBER 23, 2016
For years, the drilling boom was done with a lot of debt, and the revenus earned from steadily higher levels of output were not enough to cover the cost of drilling, even when oil prices traded above $100 per barrel in the go-go drilling days between 2011 and 2014. That isn’t a typo. Even when US oil production hit a peak at 9.7
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