Water Scarcity Is Now Shale’s Biggest Threat – ValueWalk Premium

Water Scarcity Is Now Shale’s Biggest Threat

Even before the price of oil collapsed in 2014, the US shale oil industry was widely criticized for its poor economics. Because production from shale wells starts to decline rapidly almost as soon as the well is complete, operators have no choice but to continually reinvest all available free cash flow into developing new prospects to maintain and grow production.

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