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Shale oil production growth slowing, oil rigs quiet

From born2invest.com

Shale oil production in the U.S. is likely to slow in 2019 according to a variety of perspectives, from Continental Resources chief executive Harold Hamm to Schlumberger CEO Paal Kibsgaard. Reasons for this expected slowdown include a new level of fiscal responsibility being required of producers by investors, new wells being tapped more quickly for their initial riches and a limit on how much shale oil refineries can actually handle. Yet, those pointing to these issues also generally feel that the situation should improve by the end of 2019. Harold Hamm at Argus Americas Harold Hamm, CEO and founder of Continental ... (full story)

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  • Category: Fundamental Analysis