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Cowen: E&P Budgets Expand By $1.4 Billion

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By Erin Pedigo, Hart Energy
May 22, 2014

Domestic exploration and production (E&P) companies have bolstered their capex budgets for 2014 by 10% since January, according to an update from Cowen and Co. equity research. Cowen found that 2014 E&P budgets are up by a total of $1.4 billion since January, when it published “The Original E&P Spending Survey.” Originally, domestic E&P spending—230 companies out of 466 worldwide—was predicted to rise by 5% this year. The first survey pegged budgets worldwide at $687 billion after a 4% overall rise.

The percentage increase from the report published May 22 ...


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