Industries Energy
February 1, 2021

US shale oil: can a leaner industry ever lure back investors?

Lee Maginniss, National Leader of Corporate Performance Improvement’s Energy practice, explained in Financial Times that mergers and acquisitions to achieve scale, and consolidation of smaller companies will lead to reduced number of producers. 

Maginniss told Financial Times that shale exploration and production companies will shrink to about 50 from 500 before the crash. 

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