William Walla News Today

Analysis-U.S. shale oil just had its worst year and the pain could bleed into 2021 U.S. oil and gas shares and drilling activity are edging higher, but a disastrous year for the energy industry means the go-go days of the shale boom may be gone for good. Deep spending cuts that came with the collapse in fuel demand and oil prices due to the COVID-19 pandemic have ended an era that put the U.S. atop the ranks of the world’s biggest producers. The shale industry will ring in the New Year pumpin...

US shale oil just had its worst year Shale industry will ring in the New Year pumping 7.44m barrels per day, down nearly 20% from the beginning of 2020 Reuters December 23, 2020 NEW YORK/ HOUSTON: US oil and gas shares and drilling activity are edging higher, but a disastrous year for the energy industry means the go-go days of the shale boom may be gone for good. Deep spending cuts that came with the collapse in fuel demand and oil prices due to the Covid-19 pandemic have ended an era that p...

Analysis-US shale oil just had its worst year and the pain could bleed into 2021 Toggle share menu Advertisement Analysis-US shale oil just had its worst year and the pain could bleed into 2021 U.S. oil and gas shares and drilling activity are edging higher, but a disastrous year for the energy industry means the go-go days of the shale boom may be gone for good. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. ...