How will this affect shale explorers?

I picked the following from a Bloomberg report Mark Papa, the former EOG Resources Inc. chief executive officer who helped create the shale industry more than a decade ago, said drillers are “grievously wounded” as crashing crude prices exact their toll. Shale explorers will be “decimated” in coming months amid a wave of restructurings and … More How will this affect shale explorers?

Shell prepares to remake itself into gas giant after BG Group deal

By Collin Eaton The CEO of Royal Dutch Shell says though it is working through a difficult oil-market downturn, the oil major will remake itself after it completes its $50 billion takeover of British gas producer BG Group this month. The acquisition, expected to close Feb. 15, “will mark the start of a new chapter … More Shell prepares to remake itself into gas giant after BG Group deal