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Strong Capex Expected For E&Ps Through 2014 And In 2015

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By Erin Pedigo, Hart Energy
June 20, 2014

Capex spending levels for worldwide exploration and production (E&P) companies in 2015 should be strong, if not higher than 2014’s levels, according to a recent report from Barclays.

Senior analyst James C. West outlined the major points of the “Global 2014 E&P Spending Update” report in a conference call June 18. The report is in its June iteration (released every December and the following June).

“The vast majority” of companies that Barclays surveyed for the report “are expected to increase” their spending levels in 2015, the report indicated. A grouping ...

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