--> ABSTRACT: What Happened to Exploration and Drilling Dollars, and Do I Have Anything to Say About the Direction of My Industry?, by David Wilson; #91040 (2010)

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What Happened to Exploration and Drilling Dollars, and Do I Have Anything to Say About the Direction of My Industry?

David Wilson

Those active in the natural resource industries are trying to cope with new tax laws, fewer investors, fluctuating oil markets, changing rules governing natural gas sales, and an increase in imports to serve a diminished domestic market. On the bright side, drilling and acreage costs are down, though federal royalties remain at previously set levels.

An analysis of the status and sources of investment dollars, the activity directions and options of the independents and majors, and a description of the new marketplace will be presented. There are appropriate arenas in which individuals, companies, and trade organizations should be involved. Knowing how, when, and where, will be discussed.

AAPG Search and Discovery Article #91040©1987 AAPG Rocky Mountain Section Meeting, Boise, Idaho, September 13-16, 1987.