Shale Oil Architect Predicts Doom for Some Drillers Amid Slump

  • Explorers will be “decimated” amid a wave of restructurings
  • Low prices probably will linger for another 16 to 24 months

What Would It Take to Fix the Slumping Oil Market?

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.

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