When Oil Prices Go Below 50$/Barrel - How Do You Re-Arrange Your Capital Program Quickly In P6
P6-Loader to the Rescue
In January when the oil prices fell below 50$ a barrel, many of our Calgary clients started re-evaluating their capital project plans to get the most out of this year’s investments. One of our clients was planning to invest in significant pipeline infrastructure and progress on a drilling program with 6 drill rigs on the go at any given time. The client needed to rearrange priorities and reduce this year’s plan down to 3 rigs and decrease main trunk line development.