We continue to see an abundance of gas potential, whether it’s associated gas growth in the Permian or a rising mix in a supermajor’s portfolio (more on BP below). In stark contrast, the reality of long-term global oil growth is that it’s harder than it looks on paper. Core unconventional inventory is not infinite at any commodity price (witness the disproportionate activity levels in the Lower 48 between the Permian and STACK, for instance,......
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