The coronavirus pandemic has had major implications for the future of the U.S. shale oil and gas industry. With oil prices plummeting, many shale companies are struggling to keep afloat. A price drop to 20 U.S. dollars per barrel would result in nearly half of all U.S. shale oil and gas companies being technically insolvent if they do not receive government subsidies.
Distribution of shale oil and gas companies' financial health by price scenario in the United States as of 2020
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Deloitte. (June 16, 2020). Distribution of shale oil and gas companies' financial health by price scenario in the United States as of 2020 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/664554/us-shale-oil-and-gas-companies-financial-state/
Deloitte. "Distribution of shale oil and gas companies' financial health by price scenario in the United States as of 2020." Chart. June 16, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/664554/us-shale-oil-and-gas-companies-financial-state/
Deloitte. (2020). Distribution of shale oil and gas companies' financial health by price scenario in the United States as of 2020. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/664554/us-shale-oil-and-gas-companies-financial-state/
Deloitte. "Distribution of Shale Oil and Gas Companies' Financial Health by Price Scenario in The United States as of 2020." Statista, Statista Inc., 16 Jun 2020, https://www.statista.com/statistics/664554/us-shale-oil-and-gas-companies-financial-state/
Deloitte, Distribution of shale oil and gas companies' financial health by price scenario in the United States as of 2020 Statista, https://www.statista.com/statistics/664554/us-shale-oil-and-gas-companies-financial-state/ (last visited November 21, 2024)
Distribution of shale oil and gas companies' financial health by price scenario in the United States as of 2020 [Graph], Deloitte, June 16, 2020. [Online]. Available: https://www.statista.com/statistics/664554/us-shale-oil-and-gas-companies-financial-state/
