Where are we in this 'Cycle"?
Posted: Fri Aug 19, 2016 11:05 am
James Constas, Managing Director of EnerCom spoke at The Oil and Gas Conference 21 on Thursday morning. Constas spoke about the cyclical nature of the oil and gas cycle, the dynamics of the current cycle and what might lie ahead.
By Constas’ calculations, since 1975, the oil and gas industry has been through 12 major peak-to-trough cycles, as measured by rig count. Currently, rig counts in the low to mid 400s points toward what appears to be the bottom of the current cycle, Constas said.
Read this: http://www.oilandgas360.com/oil-gas-sup ... S_Campaign
By Constas’ calculations, since 1975, the oil and gas industry has been through 12 major peak-to-trough cycles, as measured by rig count. Currently, rig counts in the low to mid 400s points toward what appears to be the bottom of the current cycle, Constas said.
Read this: http://www.oilandgas360.com/oil-gas-sup ... S_Campaign