Barclays Estimates Global E&P Spending to Set Record in 2014; Horizontal Drilling in the Permian Pace North American Growth
Global exploration and production spending is poised to reach $723 billion in 2014, according to a 2014 Global E&P Spending Report by Barclays on December 9, 2013. The record will mark the first time spending has eclipsed the $700 billion …