From Helz Cuppleditch Shale debt has almost doubled over the previous four years while revenue has gained just 5.6%, according to a Bloomberg News analysis of 61 shale drillers. A dozen of those wildcatters are spending at least 10% of their sales on interest compared with Exxon Mobil s 0.1%. “The list of companies that are financially stressed is considerable,” said Benjamin Dell, managing partner of Kimmeridge Energy, a New York-based alternative asset manager focused on energy. “Not everyone is going to survive. We’ve seen it before.” worldoil/Shakeout-threatens-shale-patch-as-Frackers-go-for-broke.html
Posted on: Sun, 06 Jul 2014 01:02:42 +0000
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