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Veren Inc T.VRN

Alternate Symbol(s):  VRN

Energy Oil & Gas E&P
Veren Inc., formerly Crescent Point Energy Corp., is a Canada-based oil and gas exploration company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its crude oil and natural gas properties and related assets are located in the provinces of Saskatchewan, Alberta and the United States. Its operating areas include Viewfield area of southeastern Saskatchewan; Shaunavon resource play, which is located in southwest Saskatchewan; Flat Lake play, which is a multi-zone resource play located in southeast Saskatchewan; Kaybob Duvernay play, which is situated in the heart of the condensate rich fairway, Central Alberta, and Montney assets in Alberta. Its wholly owned subsidiaries include Crescent Point Resources Partnership, Crescent Point Holdings Ltd. and Crescent Point U.S. Holdings Corp.


TSX:VRN - Post by User

Veren Inc
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Post by Marty57on Dec 26, 2020 2:16pm
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Post# 32183963

US Shale Oil Production

US Shale Oil Production
Here is a good summary by Steve D'Angelo providing an outlook for shale oil production in the US.
The Collapse Of U.S. Shale Oil Production Has Now Begun – SRSrocco Report

It seems likely that future drilling for US Shale production will have to be financed from Free Cash flow.  But capital expenditures will be competing with repayment of debts and returning money to shareholders through dividends for the available free cash flow.  IMHO US shale could not sustain production levels even if ALL the free cash flow were directed to capex.  Eric Nuttall keeps saying that the period of growth for US Shale Oil is over... maybe he could take it a step further and say that the period of contraction is underway.
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