As we can see in the chart below, sixteen of the leading U.S. shale companies posted a total of $3.2 billion of negative free cash flow:
https://srsroccoreport.com/sea-of-red-majority-of-u-s-shale-companies-took-a-beating-q1-2019/
America’s Red Sea: Majority Of U.S. Shale Companies Took A Beating In Q1 2019
