Shale producers say spending ‘flexibility’ key as oil prices drop

28 June 2017, London — U.S. shale oil producers plan to keep drilling new wells despite this month’s crude CLc1 price drop but expect to revisit spending should pricing remain below $45 a barrel for several months. “We will not drill into oblivion,” Tim Dove, chief executive of Pioneer Natural Resources Co (PXD.N), told investors […] More »