MARKETS

US shale oil companies rake in "tsunami of cash"

US shale oil companies are enjoying a cash bonanza, amid soaring global oil prices and months of capital restraint. These market dynamics are transforming the fortunes and balance sheets of a sector once notorious for debt-fuelled drilling sprees.

Tim Daiss
US shale oil companies rake in "tsunami of cash"

  These operators will rake in around US$180 billion of free cash flow (operating income minus capital and maintenance outflows) in 2022 at current crude prices, according to research company Rystad...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry