Pandemic accelerates dismal financial performance of U.S. fracking companies
Fracking companies have cumulatively outspent their operating cash flows by $29 billion since 2017. They cut capital investment by 45 percent from the previous year, down to levels that hadn’t been seen since the oil price collapse of 2016.
…
September 16, 2020
Clark Williams-Derry, Kathy Hipple, Tom Sanzillo...