Settle for a slowdown

12/18/2006
Elevated exploration and production activity has driven up costs for operators. This was bound to lead to a slowdown in companies’ ability to continue to drill and profit at the accelerated pace of the past couple of years, which originally was spurred by rising worldwide demand for oil and gas amid limited excess production capacity.Earlier this month Devon Energy Corp. announced that it was reducing its 2007 capital budget projections from its 2006 E&P spending. In addition, the Oklahoma City oil and gas producer forecast that its production volumes next year and through 2009 will be lower than originally projected.The reasons behind the reduced projections include rising cost...
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