Managed Recovery

Payne Institute Fellow Brad Handler has prepared a quarterly report on how the U.S. public oil and natural gas ( O&G) extraction companies continue to focus on spending less, through a combination of realizing efficiencies and growing more slowly. Consistent with this, more O&G companies are making specific commitments to use their profits to pay dividends to shareholders ( and to lowering carbon emissions) in an effort to “win back” investors. The future for the U.S O&G industry appears likely to include higher productivity, propelling further recovery in produced volumes but using fewer workers and concentrating in the most prolific basins. June 21, 2021.