Tag Archives: d&c

After oil’s 2014 crash, the US shale “popularity pendulum” swung hard against animal spirits, moving in favor of capital discipline. Outspending in shale is now taboo on both Wall Street and Main Street. But is the recent societal shift emblematic of lasting structural change or is it simply cyclical banter? …

If 2H17 shale capex were on the operating table, our diagnosis would be that the patient’s vitals are stable and within normal limits. But as the old newspaper saying goes: “if it bleeds it leads,” so many reports continue to chose fear over reality. We dig into the numbers to …