10222018Mon
Last updateFri, 19 Oct 2018 1pm

i

End-User News

U.S. Oil and Gas Revenues at Four-Year High

The 50 largest U.S. exploration and production (E&P) companies increased capital expenditures for the first time since 2014, according to the EY U.S. Oil and Gas Reserves Study 2018. Companies also reported the highest oil reserves during the five-year study period (2013–2017), while US oil production posted an average 4% annual growth, even accounting for a modest decline in output in 2016.

The survey, which analyzes U.S. E&P results based on 2017 end-of-year U.S. oil and gas reserve estimates, found that study companies reported capital expenditures of $114.5 billion — 32% higher than 2016 and 5% higher than 2015. Similarly, study companies’ revenues amounted to $135.9 billion — up 32% from 2016 and the highest since 2014 as a result of improved commodity prices. 

Subscribe Fall18

FREE SUBSCRIPTION*

• Print magazine
Digital magazine
• VALVE eNews
Read the latest issue

*to qualified valve professionals in the U.S./Canada

Looking for a career in the Valve Industry?

ValveCareers Horiz

To learn more, visit the Valve Careers YouTube channel to watch the videos below or visit ValveCareers.com a special initiative of the Valve Manufacturers Association

  • Latest Post

  • Popular

  • Links

  • Events

New Products