...These shale gas producers are an asset play. And this outcome obviously benefits the Wall Street banks who lend them money. Indeed, this is their exit strategy from the unprofitable drilling treadmill they are currently on. If shale gas production can be said to be in a bubble, this is where that bubble lies. And the strategy is working! Rigzone reports on the acquisition frenzy...
Energy Bulletin is maintained by three editors, Simone Osborn, Kristin Sponsler, and Bart Anderson, based respectively in Bristol, UK, and California USA. Adam Grubb (writing as Adam Fenderson) and Liam Cranley of Melbourne, Australia, founded Energy Bulletin in 2004.
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