Shale's response to low oil price environment

Shale's response to low oil price environment
Oil prices continued to drop during the fourth quarter as global oil supply and demand trends point to a continued over-supplied market in 2016. As operators begin to report the 2016 capital budget, total shale investments are expected to decline by an additional 20% next year and production is expected to remain flat. Here, a summary of 2015 and 2016 outlook. http://www.ogfj.com/articles/print/volume-13/issue-2/features/shale-s-response-to-low-oil-price-environment.html?cmpid=EnlOGFJFebruary232016.html&eid=288118515&bid=1318618