Oil & Gas Production Drops as Prices Remain Low in 2016, LNG Producers Learn to Think Small

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 by companies that are strapped for cash, any cash, to pay off overwhelming and overdue debts. Other companies featured: Clean Energy Fuels Corporation (NASDAQ:CLNE), Baker Hughes Incorporated (NYSE:BHI)