US shale gas drillers focus on volume cuts in Q2 earnings calls due to low prices

Most US shale drillers’ second-quarter results included reports that they curtailed production efforts at least slightly to save money in the face of $2/MMBtu natural gas prices. While financial analysts applauded the move, investors kept their distance. The majority of these shale gas exploration and production companies (E&Ps) delayed more drilling and trimmed their production volumes slightly. A few —… Most US shale drillers’ second-quarter results included reports that they curtailed production efforts at least slightly to save money in the face of $2/MMBtu natural gas prices. While financial analysts applauded the move, investors kept their distance. The majority of these shale gas exploration and production companies (E&Ps) delayed more drilling and trimmed their production volumes slightly. A few —… Read More