Nov.07 -- Analysts and investors are casting a critical eye on Permian oil producers after a spate of drilling mistakes. Diamondback Energy Inc. said it’s fundamentally changing the way it forecasts future growth. Chesapeake Energy Corp. collapsed to a 20-year low Wednesday, one day after the shale gas driller warned it may not be able to outlast low fuel prices and issued a “going concern” notice. Bloomberg's Rachel Adams-Heard and Alix Steel discuss the pain in the Permian.
Epitome of America’s Shale Gas Boom Now Warns It May Go Bust
Nov.07 -- Analysts and investors are casting a critical eye on Permian oil producers after a spate of drilling mistakes. Diamondback Energy Inc. said it’s fundamentally changing the way it forecasts future growth. Chesapeake Energy Corp. collapsed to a 20-year low Wednesday, one day after the shale gas driller warned it may not be able to outlast low fuel prices and issued a “going concern” notice. Bloomberg's Rachel Adams-Heard and Alix Steel discuss the pain in the Permian.
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