US Reserves, Capex Plummet Amid 'Structural Shift'

摘要

As oil and natural gas prices tanked, the 50 largest US exploration and production companies reported staggering downward revisions to their reserve values in 2015, while also slashing capital spending by 41%, a recent report showed. Those moves "are illustrative of a structural shift taking place in the industry as a result of abundant oil," said Herb Listen, US assurance oil and gas leader for Ernst & Young, one of the world’s leading accounting firms.