SOURCE: Industrial Info Resources

Industrial Info Resources

February 09, 2016 07:30 ET

Oil & Gas Production Drops as Prices Remain Low in 2016, LNG Producers Learn to Think Small, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Feb 9, 2016) - Researched by Industrial Info Resources (Sugar Land, Texas) -- As the price of oil continues to stay low at just under $31 a barrel, companies are evaluating what to do with drilled but uncompleted wells. Most of the wells, which can range from the hundreds to the thousands, are being left alone to lie dormant during 2016, while a fraction of other wells might be brought on line due to companies that are strapped for cash, any cash, to pay off overwhelming and overdue debts. Within this article: Discusses the more optimistic-looking future of micro-LNG projects.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

Contact Information

  • Contact:
    Brian Ford
    (713) 980-9393