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Unhedged US shale drillers bear brunt of oil slide

The mid-sized US-focused shale field producers have pursued varied strategies when it comes to protecting future revenues: some hedged heavily while others did not.

New York

OIL'S slide to the lowest price in more than five years is carving a divide between US shale drillers which heavily hedged future production and those which didn't.

While financial hedges are commonly required by many oilfield lenders, the industry's mid-sized US-focused