Well Pertormance, Not Price Will Drive Industry Forward in 2015

摘要

The market is often fear driven, reacting to news about over supply, OPEC price wars, and the geopolitical factors concerning oil and commodity prices. The year 2014 ended with West Texas Intermediate (WTI) and Brent crude prices dropping to 5 year lows. The extended period of time with $90+ oil is replaced with economists, traders and industry observers monitoring daily oil prices and drilling activity.