Producers may grouse about rising costs in the field, but they’re going to keep on paying, according to Lehman Brothers latest exploration and production spending survey. Worldwide E&P capital spending is forecast to grow 21.3% this year, a healthy boost from the 14.7% that Lehman projected in its December 2005 survey. The 308 companies in the survey are projected to spend $261 billion.
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Lehman Raises Producer Spending Forecast From December
Producers may grouse about rising costs in the field, but they’re going to keep on paying, according to Lehman Brothers latest exploration and production spending survey. Worldwide E&P capital spending is forecast to grow 21.3% this year, a healthy boost from the 14.7% that Lehman projected in its December 2005 survey. The 308 companies in the survey are projected to spend $261 billion.
June 26, 2006
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