Global oil and gas investment is expected to grow by $26 billion this year as the industry continues to recover from the worst of the coronavirus, according to new analysis from Rystad Energy. Overall oil and gas investment is forecast to climb by 4% to $628 billion this year from $602 billion in 2021. “The…
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Lower 48 Oil Patch Reinvestments at Record Low, Even on Strong Cash Flow
Reinvestment rates by Lower 48 oil and natural gas producers hit an all-time low in the third quarter while free cash flow (FCF) hit a record high, according to new analysis by Rystad Energy. The Oslo-based consultancy examined 21 publicly listed U.S. oil producers, excluding the majors, that together account for 40% of expected 2021…
November 23, 2021