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Shale producers say spending ‘flexibility’ key as oil prices drop

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Shale producers say spending ‘flexibility’ key as oil prices drop
28 June 2017, London — U.S. shale oil producers plan to keep drilling new wells despite this month’s crude CLc1 price drop but expect to revisit spending should pricing remain below $45 a barrel for several months. “We will not drill into oblivion,” Tim Dove, chief executive of Pioneer Natural Resources Co (PXD.N), told investors […] More »
Shale producers say spending ‘flexibility’ key as oil prices drop Shale producers say spending ‘flexibility’ key as oil prices drop Reviewed by Crude Oil Facilitators on 04:02 Rating: 5

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