Know When to Hold ’Em – U.S. E&Ps Eschew Capex Increases Despite Oil Price Surge
About this episode
The episode discusses the reluctance of U.S. E&Ps to increase capital expenditures despite a significant rise in oil prices driven by the Iran war.
Given that the Iran war-driven surge in oil prices doubled Q1 E&P profits, a surge in capex to capture fatter cash flows seemed like a sure thing, but that would have been a losing bet. Today, we review oil and gas producers’ investment and production guidance and analyze potential future strategy.
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