US Shale Is Now Cash Flow Neutral
Green Car Congress
DECEMBER 23, 2016
Oil prices are probably already high enough to spark a rebound in shale production. Even when US oil production hit a peak at 9.7 E&P companies began cutting costs, laying off workers, squeezing their suppliers and deferring projects that no longer made sense. by Nick Cunningham of Oilprice.com. That isn’t a typo.
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