Decline rates and productivity, cost cutting and access to capital are among the concerns U.S. shale players may find themselves grappling with as they adjust business models amid commodity price uncertainty, analysts say.

The challenges come as the industry works to handle the consequences of a pandemic that has ravaged energy demand as supplies remain abundant, oil prices remain low and the world moves toward cleaner forms of energy. Transformational change may be on the horizon for the shale business in the U.S., where oil production has fallen from nearly 13 million barrels per day (MMbbl/d) earlier this year.

Oil production from the main U.S. shale plays was forecast by the Energy Information Administration (EIA) to drop by 68,000 bbl/d in October to about 7.6 MMbbl/d.

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