for shale gas
Risks for companies operating in Argentina have fallen considerably in recent years, but the political environment could throw a wrench in energy development at any time. The mid-term elections in October are the next big flashpoint.
Chevron, Shell, ConocoPhillips, and ExxonMobil are all announcing limits on megaproject spending to focus on shale oil and gas production.
Natural gas prices have quietly fallen to dramatically low levels, eclipsing even the rock-bottom prices seen years ago when the shale gas revolution took off.
U.S. oil production has received a lot of attention lately for stalling out and beginning to decline, but the U.S. shale gas revolution also appears to have also slowed down, at least for now.