Mike Shellman writes again. No need for me to elaborate much on his persistent and very much needed gentle nudgings about debts coming due in the U.S. Shale Oil industry.
Ignoring debt doesn't make it go away < cough > Venezuela < cough >
Deep The Denial
By year end 2019 I firmly believe the US LTO industry will then be paying over $20B annually in interest on long term debt. ...
In other words, at the moment about 29% of total LTO production in America is used