Drilling advances ///

With the typical corporate pep rally, otherwise known as the quarterly conference call, taking on a decidedly somber tone this year, the July 30 comments of Oxy Oil & Gas President Vicki Hollub were at once refreshing, and a bit radical, when put in context of the current climate. “In previous industry down cycles,” she told investors, “we’ve seen the industry overreact through widespread layoffs. We’re taking a different approach with our response to low oil prices and have deployed many of our engineers in the early stages of their careers, out into the field, where they have replaced contractors. They are successfully helping to optimize our base production, improve drilling times and gain on-the-ground experience.”

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