{"id":361740,"date":"2020-07-07T12:15:09","date_gmt":"2020-07-07T06:45:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=361740"},"modified":"2020-07-07T12:46:43","modified_gmt":"2020-07-07T07:16:43","slug":"oil-market-downturn-turns-heat-on-us-shale-producers","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-market-downturn-turns-heat-on-us-shale-producers\/","title":{"rendered":"Oil market downturn turns heat on US shale producers"},"content":{"rendered":"<p>The downturn in the oil market is beginning to impact those who had a fair share in keeping it oversupplied and prices suppressed. The US shale oil producers are beginning to feel the pain of lower oil prices with large-scale increase in bankruptcies.<\/p>\n<p>A few shale companies in the US had already gone bankrupt, with the possibility of a few more on the way.<\/p>\n<p>According to a report by Motilal Oswal Institutional Equities, the total number of E&amp;P (exploration and production) bankruptcies has risen to 20 so far, with the latest victim being Chesapeake Energy, one of the pioneers of the US shale industry, with a total debt of $9 billion.<\/p>\n<p>It expected that the lower prevailing oil prices would result in write-down of $300 billion of global E&amp;P assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The downturn in the oil market is beginning to impact those who had a fair share in keeping it oversupplied and prices suppressed. The US shale oil producers are beginning to feel the pain of lower oil prices with large-scale increase in bankruptcies. A few shale companies in the US had already gone bankrupt, with the possibility of a few more on the way. According to a report by Motilal Oswal Institutional Equities, the total number of E&amp;P (exploration and production) bankruptcies has risen to 20 so far, with the latest victim being Chesapeake Energy, one of the pioneers of [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,211,144],"tags":[],"class_list":["post-361740","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=361740"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361740\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=361740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=361740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=361740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}