Whitney Partners Executive Search Newsletter

The US Is The Oil & Gas Industry's Largest Source Of Growth

The US Is The Oil & Gas Industry's Largest Source Of Growth

The continuing surge in US oil and natural gas production, primarily from unconventional resources, has made the United States the oil and gas industry's largest source of growth. In addition, the potential opening of Mexico's energy sector will present the US with some investment competition and may move capital away from US unconventional plays. At the same time, global gas and LNG also play a significant role in impacting the unconventional landscape. "The surge of the US energy market really was a game changer in a relatively short time," says Deborah Byers, the Oil & Gas Leader for Ernst & Young LLP in the US. "And we think those changes will continue to play out in 2014. On the oil side, given the expected capacity growth in OPEC and the continuing growth of non-OPEC output, we're probably looking at some downward pressures on oil prices. But on the gas side, we see the market coming into more balance, offering prospects for some upward pressure on gas prices." In the US, the massive infrastructure build-out had removed much of the price distortions that had been dominant over the last few years, but as US production continued to surge, the "surplus" was simply shifted south from the Midcontinent to the Gulf Coast, aggravated by the effective ban on crude exports. As a result, some of the price distortions have returned. Marcela Donadio, the EY Americas Oil & Gas Leader noted that, "We can expect to see the distortions continue in the short-term, but we also believe that policy-makers will address the export ban in the near future."

Edition XIV Vol. I

  • The Oil & Gas Industry +

    The US Is The Oil & Gas Industry's Largest Source Of Growth

    The US Is The Oil & Gas Industry's Largest Source Of Growth

    The continuing surge in US oil and natural gas production, primarily from unconventional

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  • Employees +

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  • Merger & Acquisition +

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  • Management Styles +

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  • Senior Management Issues +

    Senior Management Is Increasing Efforts To Combat Money Laundering

    Senior Management Is Increasing Efforts To Combat Money Laundering

    Attention being paid by senior management to money laundering challenges is at an all-time high according

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  • Technology Issues +

    The OTP World Has Changed

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    The strong authentication and one-time password (OTP) market is seeing steady growth due to several factors: the movement to cloud-based

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  • Private Sector Issues +

    Private Company CEOs More Optimistic

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    According to PwC US's latest “Private Company Trendsetter Barometer”, 43 percent of private companies have signaled confidence in the world

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  • 1

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Disclaimer:

These articles are reprinted with the permission of PR Newswire Association LLC and the views and opinions expressed do not necessarily represent those of Whitney Partners.

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