The cycles of the oil and gas market are inevitable, and throughout its history the industry has consistently recovered from downturns even as severe as the one we are experiencing today.

Although the market swings are hardly ever uniform, independent E&Ps are engaging in various methods to weather the current downturn. Industry experts like Tom Petrie, Chairman of Petrie Partners, doesn’t see the effects of this decline as severe as the one from 1986. In a December interview with Bloomberg, he said: “This isn’t like the mid-80s, where h...


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