image credit: Pixabay

7 Things To Expect From The Oil And Gas Industry In 2020

December 19, 2019

Via: Forbes

In keeping with what has become an annual tradition, we took out our handy crystal ball – manufactured from petroleum-based materials, of course – for a look at expectations for the year to come in 2020. What the crystal ball revealed is a mix of projected outcomes, some of which were entirely predictable, others not so much.

Here we go:

  • The domestic rig count will be largely stable, at least through the first six months of the year. Indeed, we saw what had been a steady fall during the final six months of 2019 become arrested during the past few weeks as companies drove completion of their year’s drilling budgets and prepared the field to quickly execute on their budgets for the first half of the new year.

Read More on Forbes