When Will Oil Exploration Recover?

摘要

Call it an exploration recovery. Call it a rebound. But it feels like the oil and gas industry is returning to health in fits and starts. That could be because the patient was sicker than we realize. Any measure of how far exploration has come back should take into consideration how far back it started, said Andrew Slaughter of consulting firm Deloitte Services LR Slaughter is executive director of the Deloitte Center for Energy Solutions in Houston. "It's conning back. Clearly, it was one of the most seriously affected pieces of oil and gas activity during the downturn. Exploration spending was cut back drastically in 2015, 2016," he said.