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Energy Market Update: More Red Flags on Fracking

Energy Market Update: More Red Flags on Fracking

Full Title: Energy Market Update: More Red Flags on Fracking
Author(s): Clark Williams-Derry, Tom Sanzillo, Kathy Hipple
Publisher(s): Institute for Energy Economics and Financial Analysis
Publication Date: March 1, 2019
Full Text: Download Resource
Description (excerpt):

 Even after three years of oil price increases, US fracking focused oil and gas companies continued their 9-year losing streak through 2018.

 These small and mid-sized US E&Ps reported $6.7 billion in negative cash flows through December.

 E&Ps dipped into cash reserves by $8.4 billion in 2018 to fund capital expenditures and shareholder payouts.

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