Guide to surviving the boom: Resist the eternal mistake

04/09/2012
An eternal mistake in the oil and gas business is believing some current trend will last forever. The ruinous mistake is betting money on it. Most people know an oil and gas boom is under way in North America. Fewer probably know part of it already has fizzled. The boom, of course, relates to development of unconventional resources. Natural gas is the fizzling part. Gas deliverability has overshot demand, depressing price. Gas drilling has slumped. But the boom continues for oil and gas liquids in shales and other tight reservoirs. Oil activity is so hot that someone not looking closely at shifts behind robust drilling numbers might not realize how chilly gas work has become. None of this...
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