Shale’s Prudence Wins Over Debt Market With $42 Billion of Bonds
- Explorers use record low yields to retire costlier debt
- Turnaround reflects use of cash flow to improve balance sheet
This article is for subscribers only.
Shale drillers -- some of them just emerging from bankruptcy -- racked up a staggering $42 billion in new debt in the first half of the year.
It’s not what you think.