Investors who took a hit last year when dozens of U.S. shale producers filed for bankruptcy are already making big new bets on the industry’s resurgence. The shale sector has become increasingly attractive to investors not because of rising oil prices, but rather because producers have achieved startling cost reductions – slashing up to half the cost of pumping a barrel in the past two years. That gives financiers confidence that they can squeeze increasing returns from shale fields as technology continues to cut costs. So they are backing shale-oil veterans and assembling companies that can quickly start pumping.
http://www.reuters.com/article/us-usa-shale-funders-analysis-idUSKBN17J0BK
