Banks Get Tough on Shale Loans as Fracking Forecasts Founder

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Oil and gas companies face tightened credit after wells produce less than projected

Some of the banks that helped fuel the fracking boom are beginning to question the industry’s fundamentals, as many shale wells produce less than companies forecast.

Banks have begun to tighten requirements on revolving lines of credit, an essential lifeline for smaller companies, as these institutions revise estimates on the value of some shale reserves held as collateral for loans to producers, according to people familiar with the matter.

 

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This is the second impeachment for Trump and his petrodollars.

Great, poison our wells, make the earth unsteady. All for nothing.

I love happy endings

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