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U.S. Shale’s Cash Bonanza Will Wipe Out $300 Billion Loss

  • Deloitte sees industry reaching $172 billion in 2022 cash flow
  • Shale revolutionized U.S. energy but lost money for years
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It may have taken an investor rebellion, a pandemic and a war in Europe, but U.S. shale oil and gas producers are now on the cusp of making back their losses from the last decade. 

The industry is on course to make $172 billion of free cash flow this year, enough to wipe out 60% of its losses from 2010 through 2019, according to Deloitte LLP. With smaller gains already chipping away at the $292 billion deficit in 2020 and 2021, U.S. shale should be back in the black next year.