”Majority of the shale companies still have profit with the oil price of $30.00-40.00 per barrel. In 2015 the companies-makers planned only half of the production with the price of $90.00 per barrel. The production continues with the low oil prices, which leads to further reduction of its cost,” Leonardo Maugeri, scientist of the Harvard University who predicted slump of oil prices in 2012, said in his interview to the Japanese Nikkei.
He said big companies will not become bankrupt. Market capitalization of big companies is several billion dollars and they have excellent shale oil wells.