The decrease in the number of drilling rigs by 15% of experts confirmed the assumption that oil production in the US will decline amid falling world prices, according to the publication Financial Times. According to this, and the rating agency Standard & amp; Poor’s, which on Friday downgraded the credit ratings of eight small companies directly engaged in the exploration and production of oil. Ratings nine other companies put up for revision.
At the same time the US Energy Information Agency has issued a forecast that in May-September is expected three-percent decline in oil production, although the level of production for the year is yet to grow.
Markedly reduced production and companies that are engaged in the production of shale oil. Thus, the company Continental Resources reported that leave from platform 31, 50, worked at the end of 2014. In North Dakota alone, the number of drilling rigs decreased by 17%.
According to various estimates, OPEC’s decision to maintain the level of production at the current level it had as its aim a blow to competitors producing expensive shale oil. Now companies that specialize in this business have to look for additional sources of funding to survive these times.
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