A question for E&Ps: Is your inventory depth ready for a resource-scarce world?
As highlighted in the video, ConocoPhillips CEO Ryan Lance recently noted:
“We are resource rich in a world that is looking increasingly resource scarce.”
Upstream exploration spend is cooling, and the industry is currently producing more than it is discovering. This creates a high-stakes environment where:
→ Asset Quality is King
Prolific resource bases (like the Permian Basin ) are attractive ways to sustain production without aggressive new capex.
→ The Investor “Gravy Train”
Shareholders are prioritizing returns on and of capital. To keep the “gravy train” of cash transfers moving, companies must prove they have the runway to produce for years to come.
The question for E&P leadership is no longer “How much can we grow?” but “How long can we sustain?”
In our Oil & Gas Market Mastery program, we dive deep into these production rhythms in Week 3 and use them to build comprehensive market outlooks in Week 10.
Learn more about the Oil & Gas Market Mastery program and claim your spot for cohort 2 right here.
