U.S. shale industry in 2018 may “finally turn a profit”

Monday, 03 September 2018

Financing models of the U.S. shale oil and gas industry – often small wildcatters – has for long been characterised by negative free cash flow as expectations of rising production and cost improvements led to continuous overspending in the sector. Over the last few months, however, IEA analysts have noticed a “notable improvement in financial condition,” though the overall health of the industry remains fragile. 

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