A new Bloomberg News analysis indicates that the shale bubble is bursting. Drillers are caught in a bind. They must keep borrowing to pay for exploration needed to offset the steep production declines typical of shale wells. Shale debt has almost doubled over the last four years while revenue has gained just 5.6 percent, according to a Bloomberg News analysis of 61 shale drillers. bloomberg/news/2014-05-26/shakeout-threatens-shale-patch-as-frackers-go-for-broke.html
Posted on: Wed, 28 May 2014 12:49:00 +0000