Oil at $30 may be enough to revive shale activity, say drillers

May 6, 2020/in /by Rudolf Huber

So, USD 30 oil may be enough to infuse the shale sector with life again. But the entirety of OPEC+ would still be bleeding cash at those prices. The big conventional oil producers are between a rock and a hard place right now. They urgently need higher prices in order to stop the bleeding but then shale will eat their lunch. Game over.

A pair of prominent shale producers said all they need is oil around $30 a barrel to consider bringing back curtailed crude output and fracing new wells.

www.worldoil.com

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I met Rudolf at the beginning of 2011, since we were both involved and working together within several European / Scandinavian projects for the development of technology, standardisation and legal aspect in the use of LNG as marine fuel and along its supply chain. Rudolf has vast expertise in, and perspective on, different aspects of LNG technologies, suppliers, infrastructures and supply chain options. He is able to provide a deep understanding and insight into these areas and is a conscientious and diligent source. Moreover, he is a tremendous visionary on the geopolitical, trading and technology aspects of energy, with a special remark for LNG traditional and small / mid magnitude chain. Rudolf has very proactive personal and working approach and is an excellent team worker and leader. Not least, he has a unique persuasive way of writing, negotiating and delivering speeches. I would certainly recommend him as an excellent expert and believe he would be a powerful asset for any company actively working in Oil and Gas. Thank you Rudolf! Marco

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