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The One Thing That Could Spoil A Blowout Quarter For U.S. Shale

Shale oil drillers in the United States are set to report strong financial results for the third quarter, but there’s a catch: only those who didn’t hedge their production earlier will enjoy the windfall. Reuters’ Liz Hampton wrote this week that oil producers who didn’t hedge their output stand to reap the benefits of an 80-percent jump in U.

S. crude oil prices, which during the third quarter averaged $71 per barrel. According to Hampton’s report, non-hedgers such as Pioneer Natural Resources and Continental Resources…

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