Thursday May 8
Oilfield spending rises 44 percent
“This unprecedented level of spending clearly demonstrates the industry's commitment to actively invest in exploring for and finding new sources of crude oil and natural gas”
Spending by the oil and natural gas industry on drilling and equipping wells in the U.S. jumped by 44 percent in 2006 to an all-time high of $109.8 billion, according to the American Petroleum Institute. via TulsaWorld.com - Business
Posted by roboblogger
Full Story: TulsaWorld.com - Business
Complete Coverage: 2 stories
- Houston Chronicle - Spending on gas, oil wells jumped in '06, report says
- The Corner - Point to Counter the Hot Air
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