US shale production to rise further driven by healthy cashflows

RIYADH: The US shale production is expected to rise further in the coming months, as producers successfully reduced their debt burdens to pre-pandemic levels following  healthy cashflows driven by higher oil prices, says a report.

According to the report released by Al Rajhi Capital, cash per barrel of oil required to ensure free cash flow for shale companies increased from $23 per barrel in first quarter of 2021 to $34 a barrel in Q1 of 2022.