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
Characteristic
Technically insolvent
Stressed
Solvent
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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 July 22, 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 July 22, 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: July 22, 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 July 22, 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/
