Is This Trend A Killer for Oil and Gas?
By Dave Forest | Wed, 06 August 2014 19:02 | 1
Very interesting research released last week by the U.S. Energy Information Administration. Showing that the domestic E&P sector may be headed for some difficult times.
The Administration calculated the spending habits of oil and gas firms operating within the U.S. Tallying both incoming operational cash flow and outgoing capital expenditures for these companies.
The results are surprising. Revealing that today’s oil and gas sector is spending well beyond its means.
Just look at the chart below. Showing that 2013 operational cash flow for the industry ran approximately $575 billion—while spending ("uses of cash") averaged just under $700 billion. Meaning that firms spent over $100 billion more than they made from operations..
Link: http://oilprice.com/Energy/Energy-General/Is-This-Trend-A-Killer-for-Oil-and-Gas.html
Quelle: oilprice.com, US EIA
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