US E&P firms lift drilling despite uncertain policies

10/25/2004
Encouraged by strong financial performances and rising prices for oil and gas, US independent producers have increased drilling despite an uncertain political climate.While their efforts are crucial to sustaining US production of natural gas, independents must struggle to gain access to promising federal land. And they face the uncertainties of presidential and congressional elections Nov. 2 and comprehensive energy legislation that Congress has yet to pass. WhitsittClick here to enlarge imageThe energy bill, said Domestic Petroleum Council Pres. Bill Whitsitt, contains many "helpful" albeit "incremental improvements" for producers. DPC is a national trade association that represents 24 ...
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