{"id":39213,"date":"2014-11-19T13:52:17","date_gmt":"2014-11-19T19:52:17","guid":{"rendered":"http:\/\/stateimpact.npr.org\/texas\/?p=39213"},"modified":"2014-11-19T13:52:17","modified_gmt":"2014-11-19T19:52:17","slug":"oil-gas-executives-bullish-on-future","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/texas\/2014\/11\/19\/oil-gas-executives-bullish-on-future\/","title":{"rendered":"Oil & Gas Executives Bullish On Future"},"content":{"rendered":"

Survey says: energy executives see U.S. oil & gas outlook bright and getting brighter but worry about new EPA regulation.<\/em><\/h4>\n
\"John

Dave Fehling\/StateImpact Texas<\/p>

John England, Deloitte\u2019s Vice Chairman Oil & Gas Sector, at the company\u2019s conference in Houston<\/p><\/div>\n

It\u2019s been a big week already for Houston\u2019s oil & gas industry with the\u00a0proposed takeover by Halliburton<\/a>\u00a0of Baker Hughes. Economists say it\u2019s one sign the industry is optimistic about the future.<\/p>\n

Some other signs are what you\u2019ll find in a\u00a0new survey by the consulting firm Deloitte<\/a>, which took the pulse of energy executives earlier this fall. The share \u2014 who felt the U.S. has already achieved energy security because it’s producing so much oil & gas \u2014 shot up to 40 percent of them from just 12 percent two years ago.<\/p>\n

Eighty percent of them said the U.S. energy business is doing better now than it was five years ago.<\/p>\n

Not that there weren’t any worriers. Over half the executives said they were concerned that oil prices might collapse \u2014 and this was what they said back in September, before prices dropped some 15 percent in recent weeks.<\/p>\n

But Deloitte\u2019s John England says for now, companies are continuing to expand. “I think even in the face of some lower prices more recently people believe overall this is a long term play and that this has really changed the face of the U.S. energy economy,” England told News 88.7.<\/p>\n

The survey found oil & gas executives also had concerns about pending federal regulations to cut pollution leaking from drilling operations and pipelines.<\/p>\n

“People are concerned about the cost of regulation. And they are concerned about the uncertainty about it,” said England.<\/p>\n

Deloitte released the survey at its annual oil & gas conference being held in Houston.<\/p>\n

It questioned 252 U.S. oil & gas professionals. Their average income was $163,000 a year. Seventy-five percent were men. Fifty-two percent of the total group were Republicans, 10 percent were Democrats.<\/p>\n","protected":false},"excerpt":{"rendered":"

Survey says: energy executives see U.S. oil & gas outlook bright and getting brighter but worry about new EPA regulation. It\u2019s been a big week already for Houston\u2019s oil & gas industry with the\u00a0proposed takeover by Halliburton\u00a0of Baker Hughes. Economists say it\u2019s one sign the industry is optimistic about the future. Some other signs are […]<\/p>\n","protected":false},"author":53,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[21],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/posts\/39213"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/comments?post=39213"}],"version-history":[{"count":2,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/posts\/39213\/revisions"}],"predecessor-version":[{"id":39216,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/posts\/39213\/revisions\/39216"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/media?parent=39213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/categories?post=39213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/tags?post=39213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}