- Blog
It's An Uphill Climb To The Bottom: US E&P Upstream Capital Spending Plunging Again
In connection with year-end 2015 earnings announcements, North American exploration and production companies (E&Ps) continued to announce large reductions in 2016 capital budgets. But the most dramatic news is that RBN’s analysis of a study group of 30 E&Ps indicates that these companies are finally expecting oil and gas production to fall in 2016 after a 7% gain in 2015. In today’s blog we update our continuing analysis of E&P capital spending and oil and gas production guidance.
