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11th November 2013, 05:36 AM
#5
Re: MUST READ: The Bursting of the Shale Gas Bubble
"Another huge problem from the shale gas companies is the price they have been receiving for natural gas has been below their break-even costs. Natural gas has been trading below $3-.3.5 mmbtu for several years, and the break-even for most of these companies is $6-7 mmbtu. This has put severe strain on these companies balance sheets as many are loaded with debt."
Well, this explains the production declines, doesn't it?
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