Recent bankruptcies affecting shale companies does not indicate future doom for the industry, according to Rystad Energy. While news of bankruptcies among U.S. onshore exploration and production (E&P) companies seems to be more frequent these days, Rystad Energy doesn’t believe this indicates doom for the shale industry. “In a nutshell, we do not believe the recent bankruptcies that have beset a number of shale players are indicative of an industry-wide epidemic,” said Alisa Lukash, a senior analyst on Rystad Energy’s North American Shale team. Some of those recent bankruptcies include Halcon Resources Corporation , Sanchez Energy Corporation and Alta Mesa Resources, Inc . Rystad forecasts that the top 40 U.S. shale oil producers will spend about $100 billion in the next seven years on debt installments and interest unless further debt refinancing is applied. This group of producers accounted for nearly half of U.S. shale crude production in 2018, […]