TOGY talks to Ryan Sitton, founder of PinnacleART and Texas Railroad Commissioner, about the investment climate in the USA going into 2017.
During the recent boom years, significant investments were made in developing the USA’s oil infrastructure. As oil prices fell, progress was made in adopting new technologies and gaining operating efficiency. Now, as the industry and commodity prices recover, the USA is well-positioned to attract investors. “As I look around the world, the United States might now be, from a new-capital deployment perspective, one of the best places – if not the best place – to develop new oil and gas,” said Sitton.
This is a new reality for the American oil and gas industry, something not seen in decades. Sitton attributes this change to the shift in the market: “I think we’re in a very different time than we’ve seen in a long, long time because of what the commodity prices have done.” He went on to say that real estate prices in the Permian Basin and operators’ forecasts and strategic plans point to the USA, especially Texas and the Permian Basin, as being the centre of investment activity going forward.
Ryan Sitton is a Texas Railroad Commissioner – find out more about him and the industry on our business intelligence platform www.togyin.com.
Erwin Krueck, managing director of All Brokerage Solutions (ABS) in Angola, talks to The Energy Year about how the company… Read More
Russell Boodoo, regional business development manager at TOSL Engineering, talks to The Energy Year about the company’s role in supporting… Read More
Suresh Pillai, CEO of Mark Technologies, talks to The Energy Year about the company’s involvement in Jurassic gas production and… Read More
Narvin Salick, district manager of Gyrodata Trinidad, talks to The Energy Year about how the company has been impacted by… Read More
Billy Lacobie, CABGOC’s managing director for Southern Africa, talks to The Energy Year about recent strategic and operational developments in… Read More
Angola is working hard to increase its power generation capacity by boosting hydro and solar energy, as well as linking… Read More
This website uses cookies.