Managing Oil and Gas Companies-I Opportunities Await U.S. Independents Willing To Change

11/04/1996
James C. Henry Henry Petroleum Corp. Midland Major trends are changing the ways independent oil and gas producers do business. Companies that recognize these major trends and take advantage of them will prosper. The ones that don't change will wither on the vine. The trends reflect the advanced stage that the U.S. has reached in the production cycle of its petroleum resource. Mature production means that: Major oil companies have sold off many of their low-return properties and shifted their financial resources and human resources to core properties. Major oil companies are shifting assets from the U.S. to other producing countries at earlier stages of production. The ...
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