SpecialReport: Capital Market Update

摘要

Editor's Note: With an end-of-2018 oil price swoon and commitments by operators to generate investment returns and maintain capital discipline in 2019, Barclays' annual upstream survey projects that the growth rate for total North American upstream spending will slow this year compared with last, but it still is on pace to rise 9% on an annual basis to an estimated $128 billion. That would represent a $10 billion increase compared with last year and a nearly $29 billion increase over 2017. In a marketplace in which analysts estimate upwards of $10 trillion ultimately will be spent to fully develop the currently identified North American unconventional resource base and build out the associated infrastructure, $128 billion may sound like relatively small change. Nevertheless a stack of 128 billion $1 bills would extend further than 8,000 miles high. That is a lot of green!