U.S. Shale Can Add a Saudi Arabia and Pay Investors, Rystad Says - Bloomberg

U.S. Shale Can Add a Saudi Arabia and Pay Investors, Rystad Says - Bloomberg:

U.S. shale-oil companies are on track to add production equivalent to Saudi Arabia’s output by 2030, without needing the external financing the industry’s boom has relied on so far, according Rystad Energy AS.

“They are going to be very profitable, they are going to be able to return surprisingly good cash amounts to investors and still grow one Saudi Arabia,” said Per Magnus Nysveen, senior partner at the Oslo-based consultant.

Although the shale revolution has helped American oil production more than double since the start of the decade, its dependence on debt and equity to grow production volumes while offering limited returns to investors has raised doubts about its sustainability.