Price Signals Encourage US Producers to Shift Focus to Oil Plays

摘要

With oil trading in a $90-$100 per barrel range and natural gas prices mired in a lowto-mid $4/MMBtu range, US producers continue to gravitate away from gas and toward oil and liquids-rich gas plays. "There's been a capital shift to oil and liquids-rich opportunities," Sylvia Barnes, head of energy banking at Madison Williams told the Argus Americas Crude Summit last week. "There's where the cash flow is being generated. It's where the money is."