The Drilling Frenzy Is Over For U.S. Shale

A few high-profile shale executives say the glory days of shale drilling are over. In a round of earnings calls, the financial results were mixed. A few companies beat earnings estimates, while others fell dramatically short. But aside from the individual performances, there were some more newsworthy comments from executives on the state of the industry. A common theme emerged from several notable shale executives: the growth frenzy is coming to an end. The chief executive of Pioneer Natural Resources, Scott Sheffield, said that the Permian basin…