Breakdown of U.S. shale oil and gas companies' solvency by price scenario 2020
The coronavirus pandemic has had major implications for the future of the U.S. shale oil and gas industry. With oil prices plummeting, many shale companies are struggling to keep afloat. A price drop to 20 U.S. dollars per barrel would result in nearly half of all U.S. shale oil and gas companies being technically insolvent if they do not receive government subsidies.
