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U.S. Shale boom sees increase in financial stability

28 Aug 2014
The U.S shale revolution has meant that oil and gas production in the country has grown dramatically over the past decade. However, this increased production has also meant that the industry has been reliant on financing through potentially unreliable means, such as borrowing and asset sales.

New reports of some of America's top exploration and production companies has shown significant improvement in the sector. These leading companies’ cash earnings are expected to exceed their capital spending in 2015.

Advances in hydraulic fracturing and horizontal drilling techniques along with higher oil prices have driven the shale boom, and this increased financial stability will boost confidence in the industry.