U.S. shale producers hit the brakes on 2019 spending
The Permian still looks like a bed of Roses compared to Central Montana (Bakken) where the price has fallen to below USD 5 bbl. From close to 60 in August. Those folks must be in hell. That said, lets see how long this low lasts. I believe that most shale producers have longer breath than some producing countries.
U.S. shale producers are slamming the brakes on next year’s drilling with crude prices off 40 percent and mounting fears of oversupply, paring budgets that in some cases were set only weeks earlier.
