If a recently released survey is any indication of what the near future could hold for the oil and gas industry, tomorrow is looking a bit brighter.
More than 50% of the nearly 200 senior-level energy executives polled in a KPMG Energy Outlook Survey released in May indicated they plan to allocate capital over the next two years to either acquire a business, expand facilities or transform their business model. The survey also showed that 49% of the oil and gas respondents plan to create new growth strategies within the next two years.
Their responses come as tough market conditions force companies to think differently.
This article appeared in the June 2015 issue of E&P Magazine and appears here with the publisher's permission.