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U.S. Oil, Gas Producers Face Dim 2021 Outlook; Crude Leads $3.2 Billion in First-Quarter Kickoffs


Industry Segment: Production | Word Count: 622 Words
Attachment: US OG prod 1Q21

SUGAR LAND--January 15, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Things will get worse before they get better in the U.S. Oil & Gas Production Industry. The U.S. Energy Information Administration (EIA) forecasts domestic crude oil and natural gas will continue their production declines in 2021, albeit at a much slower pace than the catastrophic drops in 2020, before reviving in 2022. Industrial Info is tracking more than $3.2 billion worth of crude oil and natural gas production-related projects that are set to kick off across the U.S. in the first quarter, with the bulk attributed to oil.

Within this article: Details on some of the highest-valued oil and gas production projects set to begin construction from January through March, including those from major companies such as Royal Dutch Shell plc (NYSE:RDA.A), Hess Corporation (NYSE:HES), Equinor (NYSE:EQNR), California Resources Corporation (NYSE:CRC), Royale Energy Incorporated (NASDAQ:ROYL), Northern Natural Gas Company and Berkshire Hathaway Incorporated (NYSE:BRK.A).

Other companies featured: Dominion Energy (NYSE:D)

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