Fuel for Thought

  • Shale Production is a Driving Factor in US Oil and Gas Revenue Increase

Shale Production is a Driving Factor in US Oil and Gas Revenue Increase

Apr 30 2014 Read 2228 Times

Shale production may be taking over within the oil and gas industry as a top revenue driver, with the number of US companies citing shale as a driving factor rising by 15% within the past year, according to a recent survey released by both UHY LLP Certified Public Accountants and the Oil & Gas Financial Journal.

In the survey, which analysed results from 178 oil and gas related companies, it was revealed that over half of US oil field service companies and 40% of upstream producers view shale development and production, commonly referred to as “fracking”, as a major contributor to 2014 revenue; so much so that over 40% of US oil producers and equipment providers are intending to spend the greater part of their budgets for 2014 on shale production and development.

Midstream and downstream businesses, such as pipeline operators and refiners, on the other hand, claim that shale accounts for less than 25% of their yearly revenue. 

Reader comments

Do you like or dislike what you have read? Why not post a comment to tell others / the manufacturer and our Editor what you think. To leave comments please complete the form below. Providing the content is approved, your comment will be on screen in less than 24 hours. Leaving comments on product information and articles can assist with future editorial and article content. Post questions, thoughts or simply whether you like the content.

Post a Comment





Digital Edition

Petro Industry News July 2020

July 2020

In This Edition Safety - BM 25 & BM 25 Wireless: 10 years of improved safety - Discover the enhanced PS200 Fuel For Thought - FCI announces Adam Schleyhahn as Director of Sales - New...

View all digital editions

Events

OGU Conference 2020 - NEW DATES

Aug 18 2020 Tashkent, Uzbekistan

Chemspec India 2020 - CANCELLED

Aug 19 2020 Mumbai, India

CIPPE - NEW DATES

Aug 26 2020 Shanghai, China

CIOOE - NEW DATES

Aug 26 2020 Shanghai, China

ONS 2020

Aug 31 2020 VIRTUAL EVENT

View all events