E&P sector ripe for rebirth

After years of experiencing boom and bust cycles-the most recent one reaching its trough at the latter part of 1998 and early 1999-the oil and gas industry is primed for sustainable growth. Also, integrated oil and gas firms in general, and exploration and production companies in particular, are starting to show signs of learning from the more challenging, leaner times.A study published last month by John S. Herold Inc., Norwalk, Conn., entitled "From Renaissance to Requiem to Rebirth" offers insight into the devastating effects of commodity price volatility-among other fundamentals-on oil and gas firms over the last 30 years.In its study, the independent research and consulting firm note...

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