US Shale Is Now Cash Flow Neutral

Green Car Congress
By mmillikinDec 23, 2016, 3:56 am207 pts
by Nick Cunningham of Oilprice.com Oil prices are probably already high enough to spark a rebound in shale production. The IEA says that in the third quarter of 2016, the US shale industry became cash flow neutral for the first time ever. That isn’t a typo. For years, the drilling boom was done with a lot of…

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