Texas regulators tabled a decision Tuesday about whether to allow oil production quotas and instead are forming a task force to consider how to aid the state’s ailing energy industry.
Browne
Articles from Browne
Technology Drives Prices, Drilling Lower
Certainly not BP’s Browne, who offered a litany of E&Ptechnology advances. “In real terms, oil prices today are more than40% below where they stood a decade ago and comparable to levelslast seen before the Yom Kippur War 25 years ago. The reason we’reall still in business is that average finding, development andlifting costs have all fallen – on average by almost a third inreal terms over the last decade.”
September 21, 1998
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