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
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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-producing regions in the world, spent almost as much as Exxon Mobil Corp, a company 20 times its size.
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