US
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In the shale oil business, cash flow is a life or death issue. For smaller players, money from investors and lenders is getting harder to find. -
The US has “likely surpassed” Russia as the world’s largest oil producer, according to a US Energy Information Administration report.
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Drilling activity in US shale plays is slowing as operators encounter higher prices for labor, equipment, and services, and lower prices for the oil and gas produced.
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One of the world’s leading energy watchers says the second shale revolution will come in the form of LNG exports.
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Shell has reaffirmed its commitment to the shale business and views it as a growth opportunity moving into the 2020s
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