Wall Street Returns To U.S. Shale With A Bang

20 Dec 2017   Shale Oil

Investors have grown wary of U.S. shale after years of disappointing returns, and they have pressed shale companies to rein in reckless drilling practices . But with money still pouring into the shale sector, there’s no sign yet that Wall Street is withholding investment in the industry. Shale executives have gone to great lengths in recent months to reassure investors that they are pursuing a more conservative strategy, foregoing aggressive drilling plans to prioritize profits. Despite what could be a seismic shift in the shale sector, Big Finance continues to shower shale companies with money. According to a series of interviews conducted by Reuters with industry experts, there is no shortage of capital interested in shale drilling. “If you’ve got the rocks, you can get the money,” Buddy Clark, co-chairman of the energy practice group at law firm Haynes Boone, told Reuters . Private equity is taking on a […]

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