Global oil production increases, even as drilling declines further ///
One of the puniest years in global E&P is occurring during 2016, and there is no clear evidence as to when a discernable upturn will occur. That having been said, the effects of low oil prices have been uneven, geographically, to say the least. North America, in both the U.S. and Canada, has been hit particularly hard. And the situation has been equally bleak over much of South America. So, it was particularly uplifting to see Apache Corporation announce on Sept. 7, that it has hit a massive oil find in far western Texas, despite the depressed market.
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