OGIS: Protect the balance sheet, drill the core

摘要

If there was one message that resonated at the 21st annual OGIS energy conference, it was E&Ps' claim that they are positioned to "come out the other side" of the current downturn. When the oil-price rebound will occur is still open to debate. The IPAA sponsored the conference in New York in April. Over the course of three days and some 75 corporate presentations, executives explained how their companies are maneuvering to survive, by driving down costs and reducing drilling times. Speakers said companies are protecting the balance sheet, reducing rig counts and cutting costs.