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US Shale Revolution Has ‘Run Its Course,’ Quantum’s VanLoh Says

Sept. 23, 2024, 2:36 PM UTC
David Wethe
David Wethe
Bloomberg News
Jonathan Ferro
Jonathan Ferro
Bloomberg Editorial

One of the top investors in US oil and natural gas companies says the nation’s shale producers are no longer in a position to aggressively ramp up output and give consumers a break on energy prices.

“The US shale revolution has run its course,” Wil VanLoh, chief executive officer at Quantum Energy Partners LLC, said Monday in an interview on Bloomberg Television. “Clearly the investors have put oil and gas companies on a very short leash. They’ve required a massive amount of the cash flow every year to get returned to shareholders.”

Wil Vanloh, CEO at Quantum Capital Group, says “there’s not a lot of gas left in the tank,” as he explains why the US can’t make dramatic increases to oil production. Vanloh also says that the Biden administration’s limiting of new LNG permits was “a big mistake.” Source: Bloomberg

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