2017 oil producer spending plans are up but well off 2013 and 2014

Chart: 2017 producer spending plans are up but well off 2013 and 2014

By JWN staff

March 16, 2017, 7:36 a.m.

http://www.jwnenergy.com/article/2017/3/chart-2017-producer-spending-plans-are-well-2013-and-2014/

  • Producers have announced capital spending plans of $28.64 billion for 2017, according to 58 companies tracked by the Daily Oil Bulletin.
  • While that would be up roughly 20 per cent on 2016 spending, it’s less than half the roughly $64.92 billion in capex for 2014 from 90 companies tracked by the Bulletin, and $50.93 billion from 91 companies for 2013.

oil spendng forecast 2017

About prosperitysaskatchewan

Consultant on Saskatchewan's natural resources.

Posted on March 16, 2017, in economic impact, oil. Bookmark the permalink. Leave a comment.

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