Abstract
SEG finds itself in a very difficult business environment. We have all seen articles in the press about something like 200,000 jobs lost in the oil and gas industry. In 2008, we had the Great Recession and oil prices had a similar drop to now, but we had the shale-gas boom and barely noticed. In 2012 came the natural- gas price crash in North America (NA), but with the NA shale oil boom under way, we barely noticed. Today we have everything stacked against the industry. How can we quantify this situation? One way is to calculate the trailing one-year percentage change in key indicators. By that measure, the NA gas price is down 38%, the oil price is down 50%, and the NA rig count is down 57%. What we have here is a downdraft in all aspects of the oil and gas business, and this impacts everything SEG does, from membership to meetings to publications to short courses.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
