More robust business awaits oil, gas industry next year, analysts say

12/30/2013 | Platts

Energy analysts and upstream experts agree that 2014 holds promise for the oil and natural gas industry, with more companies enhancing their development programs and more drilling rigs coming online. Analysts also expect the U.S. well count will increase steadily over the next two years. "We think the stage has already been set for a prolific period of activity in the [U.S.] land basins. We are becoming increasingly confident that activity levels will rise by double-digit percentages year-over-year in the [U.S.]," Barclays predicts.

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