SPE president: Industry should focus on hiking production, not cutting cost

Journal Article · Mon Apr 15 00:00:00 EDT 1996 · Oil and Gas Journal

OSTI ID:218340

Knott, D

This paper reviews the current trends in the oil and gas industry to try and reduce costs by corporate downsizing, reorganization, and consolidation of duties. It then goes on to compare the costs of oil and gas through time to show that once it is adjusted, that prices are not significantly different than in the early 70`s when oil and gas industries were booming. The article analyzes the positive effects of increased production even in a time of cost decline. It shows the effects on the personnel of a company when they see forward progress in a regressive market. It then reviews the history of the petroleum engineer and the outlook for future job security and the need for diversification.

• OSTI ID: 218340
• Journal Information: Oil and Gas Journal, Vol. 94, Issue 16; Other Information: PBD: 15 Apr 1996
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
03 NATURAL GAS
PETROLEUM INDUSTRY
PRODUCTION
ECONOMIC DEVELOPMENT
NATURAL GAS INDUSTRY
ENGINEERS
TRAINING