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Debt may be US shale players' undoing

Drillers are devoting more revenue than ever to interest payments - after oil prices fell 43% in the past year
Saturday, June 20, 2015 - 05:50
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The debt that fuelled the US shale boom now threatens to be its undoing.

New York

THE debt that fuelled the US shale boom now threatens to be its undoing.

Drillers are devoting more revenue than ever to interest payments. In one example, Continental Resources Inc, the company credited with making North Dakota's Bakken Shale one of the biggest oil-