How will interest rate cut affect shale oil?

[BenFranklin'sSpectacles + 762]

In response to the corona virus, the feds have cut interest rates from 1.75% to 0.25%:

https://www.axios.com/fed-cuts-interest-rates-zero-coronavirus-6bc5c3f0-16a4-4c18-8496-0493990a930a.html

I can speak in detail about many technologies, but I know nothing about interest rates beyond, "Lower rates make projects more profitable."  Would the more experienced members of this community comment on how this particular rate cut might affect the shale industry while oil prices are so low? 

[0R0 + 6,251]

Not much. The cost of capital for shale drillers are a large spread to the treasury and money rates. This is nearly rounding error. 

Where it "helps" is in lowering the interest cost of speculative storage of oil. 

[Justin Hicks + 162]

It won't 

It's like digging a hole and filling it with dirt from another hole.