Oil prices are a staple in tickers that scroll across the bottom of the screen on channels like CNBC, MSNBC and Bloomberg. WTI and Brent crude prices are quoted in the news all the time. Most people have little to no interest in the price of oil beyond how it impacts the price of [...]
Does Oil Price Influence Drilling Activity?
tpgenergy_lojnkr2019-10-24T14:28:01+00:00Oil is the most volatile commodity in the world. Prices can fluctuate dramatically from day to day. This poses an interesting question: Because oil and gas operators have to do their capital budgeting and planning well in advance of actual drilling, does oil price actual significantly influence drilling activity? Let's look at the chart [...]