The Permian-Driven Shale Boom Is Slowing, And That’s OK
Schlumberger CEO Paal Kibsgaard told analysts and investors last week that his company is seeing a slowing-down of activity in the U.S. shale plays over the first four months of 2019. “North America land activity is set for lower investments with a likely downward adjustment to the current production growth outlook,” Kibsgaard said, “the higher cost of capital, lower borrowing capacity and investors looking for increased returns suggest that future E&P investments will likely be at levels dictated by free cash flow. We, therefore, see land E&P investment in North ...
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