for Shale Producers
Chesapeake Energy's financial woes suggest the shale revolution is running on fumes.
North American crude oil producers are not cash flow positive, and haven’t been since the beginning of the shale boom. With oil prices set to stay low, here's how the sector will rebalance itself.
Shale drillers, with diminishing access to inexpensive debt and the cushion of price hedges, face a murky outlook as oil prices seem unlikely to rebound.