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US shale firms to increase E&P spending in 2017

Recovering oil prices prompt banks to extend credit lines for the first time in two years

35017092.4 (39010322) - 08_07_2016 - OIL DRILLING.jpg
US shale drillers are set to ramp up spending on exploration and production this year as recovering oil prices prompt banks to extend credit lines for the first time in two years.

Bengaluru, India

US SHALE drillers are set to ramp up spending on exploration and production this year as recovering oil prices prompt banks to extend credit lines for the first time in two years.

The credit increase is small but with major oil producers worldwide aiming to hold

sentifi.com

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