Let's Wait Awhile - E&Ps Worried About Oil Prices Keep Spending in Check as Acquisitions Boost Output
RBN Energy Blogcast · Nick Cacchione
September 17, 202515m 19s
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Show Notes
Although Labor Day has passed, most of the country is still enjoying balmy and relatively tranquil weather as we approach the onset of fall. However, a decline in crude oil prices since a mid-June peak has induced a profound chill in the boardrooms of oil and gas producers. Investors are becoming increasingly nervous as the crude spot price approaches $60/bbl, a widely accepted inflection point that, if breached, could threaten the post-pandemic financial stability the industry has enjoyed. In today’s RBN blog, we review the midyear adjustments to 2025 capital budgets and explore investment trends that could impact future production and results.