Worldwide exploration and production (E&P) spending will boast another year of double-digit growth in 2008, but only modest upstream increases are forecast in the United States, and Canada’s will fall 12%, according to a survey by Lehman Brothers.
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Lehman: ’08 E&P Spending Up in U.S., Down in Canada
Worldwide exploration and production (E&P) spending will boast another year of double-digit growth in 2008, but only modest upstream increases are forecast in the United States, and Canada’s will fall 12%, according to a survey by Lehman Brothers.
Vastar Earnings Up 56%, Reserves Up 170%
“1999 was a very good year for Vastar,” according to VastarResources President Charles D. Davidson, who had the numbers toback up the boast: a 56% increase in earnings over 1998, along witha 170% replacement of reserves.
MI Prepares to Run Gas Deregulation Gauntlet
While only 11 states can boast of legislation requiringstatewide customer choice for gas service, a group of Michiganlegislators have recently acted to boost that total. A package ofseven bills was introduced to the state legislature last week withthe goal of totally deregulating the state’s gas industry by April2005. Rep. Mary Ann Middaugh (R-MI-MIH080), one of the package’ssponsors and chair of the energy and technology committee, said thepackage will be considered when the Michigan House returns toLansing next month.