Houston, August 6 news, as a result of rising oil prices and the declining cost of oil field services, the U.S. oil and gas companies have recently enhanced awareness of the remainder of the year the performance of the company's forecasts. As a result of oil prices from a quarter of the 43 U.S. dollars a barrel to 60 dollars, such as the United States and Bill Barret as Denbury Resources Inc. Oil and Gas companies have forecast the company's performance will be improved in the second half of this year.
Decline in the cost of services has also helped companies such as Exco and Berry Petroleum oil and gas companies as better than expected quarterly results. Analyst Amir Arif company Stifel Nicolaus, told reporters that the cost of services is expected to continue to decline 5-10 percent, a decline in service fees will be increased drilling activity.
However, BMO Capital Markets said the analyst, he considered that a further decline in the cost of services will reduce their impact on company bottom line.
Aug. 7, 2009
