Energy Quote of the Day: ‘Not Everyone is Going to Survive’
By Jared Anderson
Unconventional
oil and gas operators that is. Bloomberg research indicates numerous
companies operating in various US shale plays are severely
overleveraged, with interest expenses making up significant double-digit
percentages of revenue in many cases. “The list of companies that are
financially stressed is considerable,” said Benjamin Dell, managing
partner of Kimmeridge Energy, a New York-based
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