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Discipline key to US shale sector's recovery, execs say

The US shale industry can emerge from the current crisis and break the boom-and-bust cycle by focusing on discipline, transparency and investor returns, and by addressing issues such as pollution, according to executives from ConocoPhillips and Parsley Energy who spoke during the Energy Intelligence Forum. "The good news is there's still an enormous number of locations to be developed in the US. Our tally, the numbers we see, are north of 50,000 prime locations -- tier one acreage, the sweetest of the sweet spots," said ConocoPhillips Chief Technical Officer Greg Leveille.

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