Planning for success: profit vs. reserves

02/18/2002
Nearly 20 years ago in a very entrepreneurial division of a major oil and gas company, a vice president defined the author's mission as being "to increase rate and maintain or increase reserves by working in and around production in producing basins." This mission statement has served the author well over the years, but it is incomplete. What is missing is a statement concerning low cost production.In any commodity business the primary goal should be to become a low cost producer. Low cost producers will always be survivors during commodity price downturns. Low cost producers have an easier task when seeking funding. They also are always in better positions to capitalize on investment...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected