Interesting Article on US Shale OilI have been a skeptic on US shale oil from the start of the industry. Could never understand how the economics worked when they were dealing with such steep initial declines in well production. I saw this article today that somewhat bolsters my suspicions (maybe biases is a better word) regarding shale oil:
https://oilprice.com/Energy/Crude-Oil/Only-10-Of-US-Shale-Drillers-Has-A-Positive-Cash-Flow.html