Shell Exec: U.S. Is ‘Over-Fracked And Over-Drilled’ – ValueWalk Premium

Shell Exec: U.S. Is ‘Over-Fracked And Over-Drilled’

The U.S. is “over-fracked and over-drilled,” says Royal Dutch Shell plc (ADR) (NYSE:RDS.A) (NYSE:RDS.B) executive Matthias Bichsel. “The reservoirs don’t need that many wells. The reservoirs don’t need that many stages of fracks, because not all the pieces of the rocks are as good,” he said in an interview, reports Yadullah Hussain of the Financial Post.

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