Northern Sky Research

The Bottom Line

Archive: March 2011 (X)

  • The U.S. Government’s Energy Information Agency recently published that third quarter 2010 capital expenditures on production activities at the top 13 O&G companies are at a five-year high of $29.1B, exceeding the previous high in Q3 2008 of $28.2B. Driven in part by increases in drilling activities after the Gulf of Mexico Moratorium, capital expenditures are up 48% from third-quarter averages from 2005 – 2009, indicating a general upward trend in overall exploration and production…