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Article: Surprisingly strong increases are budgeted for 1988 in worldwide oil and gas exploration and production expenditures, according to sixth annual survey by Salomon Brothers' stock research department.
- Article from:
- PR Newswire
- Article date:
- January 7, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SURPRISINGLY STRONG INCREASES ARE BUDGETED FOR 1988 IN WORLDWIDE OIL AND GAS EXPLORATION AND PRODUCTION EXPENDITURES, ACCORDING TO SIXTH ANNUAL SURVEY BY SALOMON BROTHERS'
STOCK RESEARCH DEPARTMENTHERS'
Budgeted Increases for This Year are 12.4 Percent for 19 Major
U.S. Companies; 19.9 Percent for 97 Independent U.S. Companies;
20.6 Percent for 41 Canadian Companies; And 16.5 Percent
for 50 International CompaniesAnd 16.5 Percent
SIGNIFICANT SHIFT FROM ONSHORE TOWARD OFFSHORE EXPLORATION NOTED;