Anadarko CEO: $60 Oil Needed To Grow Production

摘要

Although the price for a barrel of West Texas Intermediate crude has slowly rebounded from a low point of about $27, prices must surpass $60/bbl for U.S. shale production to begin growing again, Anadarko Petroleum Corp. (NYSE: APC) CEO Al Walker says. Walker said a lesser amount could mean the industry, especially those operating in capital-intensive shale plays, will not have enough cash flow to flourish or sustain growth. Walker made his comments June 21 at the Wells Fargo West Coast Energy Conference.