Worldwide E and P spending to rise slightly this year

Journal Article · Wed Feb 01 04:00:00 EST 1989 · World Oil; (USA)

OSTI ID:7261037

Crandell, J D; Lau, C Y ^[1]

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1. Salomon Brothers, Inc., NY, NY (US)

The authors survey of world-wide exploration and production (E and P) expenditures in the oil and gas industry is presented. It shows companies are budgeting for a small increase in 1989. However, the outlook differs markedly in the U.S., Canada and internationally. It also varies considerably in the U.S. between independent and major oil companies; in Canada between local and foreign companies; and internationally between U.S. and non-U.S. companies. The 118 independent companies surveyed are budgeting for a 5.3% increase in U.S. expenditures, while the 20 major companies in the survey are planning a 6.1% decrease. Canadian E and P expenditures by a 54-company group are indicated to decline by 1.6%, with Canadian companies planning to cut back considerably more than non-Canadian companies. Internationally, 57 companies indicated a 7.1% increase in expenditures, despite declines budgeted by certain large foreign operators.

• OSTI ID: 7261037
• Journal Information: World Oil; (USA), Journal Name: World Oil; (USA) Vol. 208:2; ISSN 0043-8790; ISSN WOOIA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
CANADA
EXPENDITURES
EXPLORATORY WELLS
GLOBAL ASPECTS
NATURAL GAS WELLS
NORTH AMERICA
OIL WELLS
PLANNING
USA
WELLS