Shale Companies Rethink Pipelines Amid Low Oil Prices
To remain profitable in the face of falling oil prices, U.S. shale firms are selling off storage and shipping assets and rethinking their capital structures.
Kaitlin Ugolik
February 17, 2015
A worker prepares to lift drills by pulley to the main floor of Endeavor Energy Resources LP's Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas, U.S., on Friday, Dec. 12, 2014. Of all the booming U.S. oil regions set soaring by a drilling renaissance in shale rock, the Permian and Bakken basins are among the most vulnerable to oil prices that settled at $57.81 a barrel Dec. 12. With enough crude by some counts to exceed the reserves of Saudi Arabia, theyíre also the most critical to the future of the U.S. shale boom. Photographer: Brittany Sowacke/Bloomberg
Brittany Sowacke/Bloomberg
