IEEFA U.S.: Capex Cuts Fail to Stem Gusher of Red Ink for Appalachian Frackers
September 11, 2020
September 11, 2020
CLEVELAND, Ohio, Sept. 11 (TNSRep) -- The Institute for Energy Economics and Financial Analysis issued the following news release:
Even after cutting capital expenditures to their lowest quarterly point in more than six years, nine Appalachian shale-focused gas producers continued to hemorrhage money, reporting more $134 million negative free cash flows in the second quarter of 2020. Together, they have spilled $1.1 billion in red ink over the past twelve months.
The ex . . .
Even after cutting capital expenditures to their lowest quarterly point in more than six years, nine Appalachian shale-focused gas producers continued to hemorrhage money, reporting more $134 million negative free cash flows in the second quarter of 2020. Together, they have spilled $1.1 billion in red ink over the past twelve months.
The ex . . .