U.S. shale ponders the unexpected: what to do with coming cash windfall?
4 Min Read HOUSTON (Reuters) - A sustained rise in global oil prices has U.S. shale producers pondering something few expected to be considering after last year’s tumble: how to allocate rising cash flows among new production, dividends and stock buybacks. FILE PHOTO: An oil well site in the Eagle Ford Shale oil field in Texas, U.S., May 18, 2020. REUTERS/Jennifer Hiller U.S. shale producers will generate about $73.6 billion in cash from operations this year, up nearly a third over last year, according to data firm Rystad Energy, based on oil selling for $50 a barrel. Shale patch results ...
Source: reuters.com
