Rising Oil Prices Are Generating Optimism, but Upstream CAPEX Showcases a Different Story

 

Nearly four years after the crash in oil prices, the industry is still in the midst of its road to recovery.


For those organizations wanting to survive, getting a tighter grip of spending in an effort to reduce costs and stay afloat became more important than ever during the downturn.


But, how did curbing capital spending (CAPEX) in the exploration and production sector (E&P) affect the current resurgence in the industry?


Download this white paper to learn about:

  • A brief history of upstream spending
  • The CAPEX burden
  • Investing back in the production engine