The article has
-$45-$50 dollars per barrel required for Shale to even consider new rigs or additional fracking
- Goldman sachs predicting oil to remain in the $40's for 2021
- OPEC + determined to keep the oil price where Golman Sachs predicts to discourage greater US oil production
so Shale producers must attempt to repay debt at the reduced margins and limited production levels they have now. Massive writedowns and $140bn in debt! I'd say the peak for shale is well and truly gone.
https://oilprice.com/Energy/Energy-General/US-Shale-Outperforms-Expectations-In-Q1.html
The article has -$45-$50 dollars per barrel required for Shale...
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