S H E A R M A N & S T E R L I N G L L P | 4 7
CONCLUSION
The timing necessary to achieve a
meaningful, global carbon phaseout
is important not only for the impact on
Earth's climate but also for the impact on
what types of and how much future oil
and gas development makes economic
sense. For some, 2020 may be viewed
as a welcome right-sizing of the US shale
fervor of years past. Many US shale
E&P companies that survived 2020 are
now more efficient and cost effective
and focused on finding and deploying
even further technologies of efficiency,
while addressing ESG concerns and
pursuing "net-zero" emissions profiles.
As commodity pricing continues to
recover, the space left by some exiting
traditional investors will surely be filled
by new participants, whether by foreign
investors or others. Meanwhile, US
shale development's ability to throttle
development up and down may provide
opportunities for meeting demand cycles.
R. Coleson Bruce
P a r t n e r
Houston/Austin
T +1 512 647 1908
coleson.bruce@shearman.com
Jeremy Kennedy
Partner
Houston
T +1 713 354 4895
jeremy.kennedy@shearman.com
