E&Y: Unconventional resources largest source of US oil, gas growth in 2013

02/10/2014
Unconventional resources in the US constituted the oil and gas industry's largest source of growth in 2013—a trend that's expected to continue into 2014, Ernst & Young indicated in its US quarterly outlook. In the next 2-3 years, the US will look to become a net exporter of gas, while dramatically reducing its dependency on oil imports. "The surge of the US energy market really was a game changer in a relatively short time," said Deborah Byers, E&Y oil & gas leader. "And we think those changes will continue to play out in 2014." However, capital may move away from unconventional plays with the possible freeing up of Mexico's energy sector while additional f...
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