Low Gas,NGL Prices Force Many E&Ps to Shuffle Rigs,Curb Spending

摘要

The implosion of gas and natural gas liquid(NGL)prices is quietly shaping the fortunes of independent producers,forcing companies to shift rigs around and rethink their financial plans.While many companies have nudged their portfolios toward tight oil,gas continues to make up anywhere from 20% to 50% or more of the production stream for most oil wells.Companies downplay the impacts of low prices,but the collapse in both dry gas and NGLs is not without consequence.