American Shale Patch Is Under-Hedged But Bullishly Optimistic ...Middle East

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American Shale Patch Is Under-Hedged But Bullishly Optimistic
Despite the fact that American shale oil producers have ramped up their hedging activity over the past three months, amid falling oil prices triggered by economic uncertainty and tariff policy by the Trump administration, by recent historic standards, hedging remains low.  According to a Standard Chartered survey of 40 independent U.S. oil and gas companies, liquids production in the first quarter clocked in at 7.359 million barrels per day (mb/d), good for a 3.8% Q/Q decline. The hedge ratio for the current year stood at just 25.7% by the…

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