Online

Shale producers can handle price drop

Warnings that falling oil prices could make US shale production unprofitable are wide of the mark, according to the head of one US oilfield services company.

Lower costs: Canary chief executive Dan Eberhart says most US unconventional plays can handle oil prices as low as $50 per barrel
Lower costs: Canary chief executive Dan Eberhart says most US unconventional plays can handle oil prices as low as $50 per barrel
Published 2 December 2014, 06:05Updated 2 December 2014, 06:05