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U.S. Oil & Gas Production Sees $5 Billion in First-Quarter Kickoffs, but Slower Growth Looms, an Industrial Info News AlertSUGAR LAND, Texas, Jan. 22, 2019 /PRNewswire/ -- Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. shale plays may be cooling their jets in 2019. Executives from Schlumberger Limited, a top provider of oil and gas exploration services, recently said in an earnings-related conference call that that they expect exploration and production investments "to be flat to down, which means that it's going to be a fairly tough year." They noted that the first quarter--a slow period for the industry by normal standards--is seeing weaker-than-usual activity. Industrial Info is tracking more than $5 billion in Oil & Gas Production Industry kickoffs in the first quarter, more than $3.6 billion of which is attributed to natural gas-processing facilities.
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