E&P Companies Not Quick To Cartelize
Posted by zmann on September 30, 2006
Good article from Saturday’s Houston Chronicle about E&P company plans relative to production shut ins and future drilling activity.
The short answer seems to be that most companies are not shutting in production; the article specifically cites APC, DVN, NFX as having no plans to shut in. Does say that CHK’s 6% shutin was more of a message to service companies that it’s time for their prices to start falling.