Day Of Reckoning For U.S. Shale Will Have To Wait

Day Of Reckoning For U.S. Shale Will Have To Wait
London, UK (SPX) Oct 28, 2015 - October has been billed as a pivotal month in which indebted shale companies would see their credit lines cut, precipitating a faster consolidation in the industry that would sow the seeds of a rebound. But banks appear to be taking a more lenient approach than expected. A new Jeffries report says that only $450 million in borrowing bases have been cut, across more than 20 companies. That ... morehttp://www.oilgasdaily.com/reports/Day_Of_Reckoning_For_U_S__Shale_Will_Have_To_Wait_999.html