IEEFA U.S.: Appalachian Frackers Report $504M in Negative Free Cash Flow Despite Capex Slashing
December 04, 2020
December 04, 2020
CLEVELAND, Ohio, Dec. 4 (TNSRep) -- The Institute for Energy Economics and Financial Analysis issued the following news release:
Even after cutting their capital expenditures (capex) by more than one-third from the previous year, nine shale-focused gas producers in Appalachia spent a half-billion dollars more during the third quarter on drilling and building projects than they earned from selling oil and gas.
Capex investments during the third quarter were the lowest in . . .
Even after cutting their capital expenditures (capex) by more than one-third from the previous year, nine shale-focused gas producers in Appalachia spent a half-billion dollars more during the third quarter on drilling and building projects than they earned from selling oil and gas.
Capex investments during the third quarter were the lowest in . . .