10 Crude Oil Companies Could Face Bankruptcy Court In 2020

Shale oil costs more than conventional oil to extract, ranging from a cost-per-barrel of production from as low as $40 to over $90 a barrel.

As of December 2019, dozens of publicly traded oil companies are suffering from staggering losses from stagnant crude prices. Shale oil drilling and extraction is also far more labor-intensive than conventional oil extraction,Continue Reading …