After oil’s 2014 crash, the US shale “popularity pendulum” swung hard against animal spirits, moving in favor of capital discipline. Outspending in shale is now taboo on both Wall Street and Main Street. But is the recent societal shift emblematic of lasting structural change or is it simply cyclical banter? …
Read More »Shale Executive Sentiment Index Proved Prophetic
Late-last year, we introduced our Shale Executive Sentiment Index to try and gauge how management teams from drilling to service to E&P were thinking about growth in 2017. We were able to measure sentiment by quantifying the frequency of references to growth as shale executives spoke to investors. At the time …
Read More »Shale Executive Sentiment Index Surges Up To Levels Last Seen At $100 Oil
Two years into the downturn and at oil prices just half of prior highs, the US tight oil industry has begun to stage a recovery. We’ve all seen this new optimism in the tangible data. Rig count, capex, headcount, frac utilization – these are just a few of the US …
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