Shale Gas Drillers Are Facing A Perfect Storm
NUS Co-President provides insight to Reuters, included in Yahoo Finance.
Amid spending cuts and a reduction in value of production assets NUS Co-President Richard Soultanian was quoted in articles on the subject.
“I think we’ve seen a good number of write-downs and I think we will see more as people start to factor in lower for longer prices,”
For full article and quote on Yahoo Finance, visit https://finance.yahoo.com/news/shale-gas-drillers-facing-perfect-230000534.html
Full article and quote on Reuters, visit https://www.reuters.com/article/us-usa-natgas-results/u-s-shale-gas-investors-brace-for-write-downs-amid-price-plunge-idUSKBN2052BO