The Latest Red Flag For U.S. Shale

The U.S. shale industry has had a rough few weeks, with a
growing number of reports suggesting that the industry is facing
much more financial trouble than many analysts had expected. Now, a
new report adds further evidence to the notion that shale is losing
its luster in a $50 per barrel market, with producers forgoing
shale in favor of older wells. U.S. shale was thought to be the
most competitive source of oil out there, and indeed the industry
appears to be ramping up production at today’s prices. Shale had
adapted to a $50 per barrel…

The U.S. shale industry has had a rough few weeks, with a
growing number of reports suggesting that the industry is facing
much more financial trouble than many analysts had expected. Now, a
new report adds further evidence to the notion that shale is losing
its luster in a $50 per barrel market, with producers forgoing
shale in favor of older wells. U.S. shale was thought to be the
most competitive source of oil out there, and indeed the industry
appears to be ramping up production at today’s prices. Shale had
adapted to a $50 per barrel…