U.S. Shale Is Finally Giving Shareholders A Payday ...Middle East

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U.S. Shale Is Finally Giving Shareholders A Payday
source : OILPRICE ( Middle East ) () 20
Unlike in the previous downturn in 2015-2016, U.S. shale producers are exiting the 2020 oil price and demand collapse with their promises intact to rein in production growth and return more cash to increasingly demanding shareholders.      The first-quarter earnings and conference calls highlighted a previously unheard-of restraint from public shale firms. Listed producers generated record cash flows, but they are not reinvesting most of those back to drilling. Instead, shale operators are now channeling cash flow toward…

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