While some of the top five shale oil producers have seen a rebound in oil production since the pandemic shutdowns in early 2020, other companies have experienced massive declines. One of the largest shale oil producers has seen its production decline 30% in just six months!! What we are witnessing…
Has U.S. shale oil production stalled? Well, it seems so. After experiencing significant growth in 2017 and 2018, U.S. shale production in the first five months of this year has remained flat. This is terrible news for the shale industry which has counted on production growth to increase cash flows…
If the rapid decline rate or the massive debt doesn’t destroy the U.S. Shale Industry, the finance costs most certainly will. The amount of interest expense the shale companies have paid to finance business and increase production is stunning, to say the least. But, the real problem for the shale…