E&Ps, Financial Community Team Up For Site-Specific Drilling Programs

摘要

US gas and oil producers were able to find plenty of willing partners in the financial community to fund specific regional drilling programs during the second quarter despite anemic commodity prices. Operators signed seven joint ventures with outside capital providers in the quarter mat will result in additional investment of $ 1.8 billion in the upstream sector over the next few years. All of the agreements were structured to give these external investors stakes in specific well-bores in return for a defined minimum rate of return. Once that point is reached, most of the working interest reverts back to the operator.