Translating Cost Discipline into New Reserves in a Low Price Environment
Tuesday, October 10, 2017
Many companies have seen a major drop in the net present value of their reserves since the sharp drop in commodity prices in 2014. Offsetting the negative impact of the oil price drop on reserve volumes and values has been significant capital cost and to a lesser degree operating cost reductions realized in recent years.
June Warren Energy interviewed Cam Six, Sproule’s President and CEO, to discuss the three major impacts on reserve volumes from the price decline, the response industry has had on these impacts and the silver lining of the commodity price collapse.