The past year has been a perfect storm for America’s shale gas companies, on both the domestic and international fronts. Record-setting levels of American gas production and consumption in 2019 masked the fact that the industry was already under siege, as years of insufficient returns pushed investors away from financing new drilling and exploration. Meanwhile, newly commissioned projects aimed at exporting liquified natural gas, or LNG, faced headwinds on international markets due to a global supply glut. The COVID-19 pandemic exacerbated these issues, as it further depressed domestic and international demand for natural gas. The collapse in oil prices as […]
