Oil and Gas: Capital Spending for 2012

The Oil & Gas Journal has an interesting article on anticipated capital spending in North America for 2012.  "Capital expenditures for all oil and gas projects in North America will increase modestly this year ***. While upstream spending in 2012 will climb, the rate of growth will decelerate from a year ago. OGJ projects that total US capital spending for upstream, midstream, downstream, and corporate activities will increase by 3.5% this year to $302 billion following a 12% surge in spending during 2011. The increase in upstream spending will be heavily weighted toward the development of oil and liquids-rich shales rather than dry gas production."

[Note:  Subscription required.]

Contact Us

Information sent through this Contact Us form or by email is not necessarily secure. Please do not transmit confidential information. Email sent to Vorys or any of its attorneys will not establish an attorney-client relationship. The information you obtain on our website is not, nor is it intended to be, legal advice, nor is it intended to create an attorney-client relationship. Please read our Disclaimer for more information.

Send To A Friend Use this form to send this entry to a friend via email.