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Is US Shale Cannibalizing Itself?

Summary:
Financial stress is spreading, and top industry executives in Texas are arguably at their gloomiest in years. Consolidation and bankruptcies could pick up pace in the next few months, a bankruptcy attorney told Reuters.Investors have soured on shale drillers, closing the door on fresh capital injections. https://oilprice.com/Energy/Energy-General/Is-US-Shale-Cannibalizing-Itself.html

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Financial stress is spreading, and top industry executives in Texas are arguably at their gloomiest in years. Consolidation and bankruptcies could pick up pace in the next few months, a bankruptcy attorney told Reuters.Investors have soured on shale drillers, closing the door on fresh capital injections.

https://oilprice.com/Energy/Energy-General/Is-US-Shale-Cannibalizing-Itself.html

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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