2013 Forecast: Strong sailing lies ahead, absent any problems ///

The global E&P industry is coming off a third consecutive year of prosperity, and it looks like a fourth year of worldwide drilling and production increases is on tap. If oil prices remain within a range of $82 to $100/bbl for West Texas Intermediate (WTI), then the projections contained within this forecast should be achieved. At the time of this writing, NYMEX price was around $95–96/bbl.

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