U.S. OIL & GAS companies settle in to more conservative approach
Payne Institute Fellow Brad Handler has prepared a quarterly report on the upstream U.S. onshore oil & gas extraction activity and how the prevailing message from publicly-traded (i.e. generally larger) oil companies is that activity (and thus employment) recovery in the U.S. is to be subdued. Publicly-traded oil companies are setting up to be more conservative for multiple years with respect to spending as they seek to win back the confidence of investors and other capital providers. March 22, 2021.