News: February 9, 2022. Shale Basins are Looking Profitable Again

Shale oil has become profitable again, due to the high prices of oil, which reached US$ 93 per barrel earlier in the week. The decreased prices of the past few years, worsened by the effects of the COVID-19 pandemic made most projects unsustainable from the financial perspective.

What high-cost shale basins need is oil at a high price so that it can pay for the investments. The current environment (economic and geopolitical) has been able to provide oil at a high price. Now, one more thing is needed: a forecast that the price of oil is going to remain high

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This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.