With the Henry Hub benchmark below $4, and crude in the $80 range, U.S. energy majors have...

|By:, SA News Editor

With the Henry Hub benchmark below $4, and crude in the $80 range, U.S. energy majors have shifted their interest toward oil exploration, resulting in Q3 shale deals of just $5.8B, vs. $33.2B in H1. Further price pressure could result in further industry consolidation, Rigzone says.