The Pathway To Growth

摘要

The upstream industry is going through an unprecedented transition these days: although exploration risk associated with shale or unconventional development is declining—has nearly disappeared —the capital needed for such development has increased significantly. This combination is perfect for private-equity funds and E&P companies seeking dramatic, quick growth. Conversely, the growth of the shale resources has also boosted some interest in conventional producing regions for contrarian investors, as the heightened focus on shale means some conventional resource assets are undervalued opportunities.