Oil and Gas Industry Statements in Financial Filings Point to Prices, Not Regulations, As Reason for Declines in Leases and Production

Leading market analysts report that tumbling oil prices curtailed—and in some cases, wholly eliminated—industry investment capacity last fiscal year. Wood Mackenzie, “Deferred upstream projects tally reaches 68” (Jan. 14, 2016) “Wood Mackenzie has updated its analysis published in July 2015 on the impact of continued low oil prices on upstream oil and gas projects. It […]

Get your facts here: Declining development is a factor of low oil prices, not regulation

In this morning’s BLM budget hearing, there’s likely to be lots of misinformation flying left and right. Thankfully, we’ve got you covered with everything you might have wanted to know about the nitty-gritty details on trends in oil and gas production across the nation. In response to low crude oil prices,leasing and drilling have declined […]

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